Where Data Tells the Story
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What we're showing
This chart shows the level of U.S. national debt, as reported by the U.S. Treasury. Figures are as of Oct. 6, 2023.
Key takeaway
The pace of U.S. debt growth has been incredibly quick over the past decade, accelerating even further during the COVID-19 pandemic and after Russia's invasion of Ukraine.
Context
Here are some interesting facts about the national debt:
Flashback
Due to rampant government spending and political standoffs over the debt limit, Fitch Ratings downgraded the U.S. from "AAA" (the highest possible) to "AA+" in Aug. 2023.