WebJun 11, 2024 · White House chief economic adviser Larry Kudlow asserted in a recent Fox Business interview that he didn’t expect China to sell U.S. debt because he said doing so “would bankrupt the Chinese... WebSep 27, 2024 · The nation's total household wealth reached $107 trillion by the second quarter of 2024. Thirteen percent of that amount is $13.91 trillion. As Black Americans are estimated to hold at most, 3% of ...
Biden calls on rich to
WebSep 27, 2024 · After leaving office, Mr. Obama acknowledged that he and Treasury officials considered several creative contingency plans, such as minting a $1 trillion coin to pay off some of the national debt. WebFeb 14, 2024 · Nearly all of that debt – about $31.38 trillion – is subject to the statutory debt limit, leaving just $25 million in unused borrowing capacity. For several years, the nation’s … michael parks hss
: China Owes the US Over $25 Trillion in IP Theft
WebApr 14, 2024 · China has been accused of stealing intellectual property (IP) from the United States for decades. The US government has estimated that the cost of IP theft to the US economy is between $225 billion and $600 billion annually. This means that China could have stolen anywhere from $1.35 trillion to $3.6 trillion in IP from the US since 1982. WebJan 19, 2024 · The Treasury owes this part of the debt to other federal agencies. Intragovernmental holdings totaled more than $6.89 trillion in January 2024. 1 Why would the government owe money to itself? Because some agencies, like the Social Security Trust Fund, take in more revenue from taxes than they need. WebJan 18, 2024 · The U.S. national debt was more than $31.42 trillion in December 2024. The debt-to-GDP ratio gives insight into whether the U.S. has the ability to cover all of its debt. Recessions, defense budget growth, and tax cuts have all caused the national debt-to-GDP ratio to rise to record levels. michael parks facebook