U.S. national debt experiences an $851 billion surge following debt ceiling suspension

Quick Take

CryptoSlate reported on June 14 that the U.S. debt was approaching $32 trillion. Since then, the debt has continued to grow rapidly.

According to WolfStreet, last Friday, June 30, the Treasury Department reported that the U.S. national debt had seen a dramatic increase of $851 billion within just a month following the suspension of the debt ceiling on June 3. The national debt now rests at an astounding $32.32 trillion.

The WolfStreet report went on to discuss the composition of the U.S. national debt, which is made up of two distinct types of Treasury securities:

1. Non-Marketable Treasury Securities, which aren’t available for trading on the bond market.
2. Marketable Treasury Securities, which the government puts up for auction and can be freely traded on the bond market.

Furthermore, WolfStreet explained the suspension of the debt ceiling as Non-Marketable Treasury Securities have seen an increase of $123 billion, bringing the outstanding balance to $6.89 trillion. Similarly, Marketable Treasury Securities have risen by $728 billion, leading to a total of $25.43 trillion.

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