USA Treasury secretary describes $34-trillion US public debt as ‘scary number’
At the same time, Yellen believes that the US public debt is currently under control
US Treasury Secretary Janet Yellen said her country’s $34-trillion public debt is a ‘scary number.’
“The absolute level of our public debt is $34 trillion, and that is a scary number,” she said during an Economic Club of Chicago event.
At the same time, Yellen believes that the US public debt is currently under control.
“So far, that [the public debt] has been quite manageable,” she said, calling for steps “to make sure that our deficits come down and remain at manageable levels.”
“We need Congress and the [presidential] administration to work on that,” Yellen added. “At the same time, I also believe it is important to invest in our economy.”
The US Department of the Treasury announced that the public debt of the United States grew by more than $4 trillion in 2023, exceeding $34 trillion.
