US federal debt reaches 100% of GDP

US federal debt has surpassed 100% of Gross Domestic Product (GDP), reaching a record high.

Operativ Media reports, citing The Hindu.

At the same time, ongoing geopolitical tensions in the Middle East and uncertainty in the oil market have caused significant volatility in global financial markets.

According to financial reports, net public debt held by investors in the US reached $32.2 trillion, accounting for 100.03% of the country's GDP. Meanwhile, total gross debt (including debt held by the government's own internal agencies) surpassed $40 trillion.