Now at a Whopping $32.7 Trillion – US Government Debt Spikes by $1.2 Trillion Since Debt Ceiling

US national debt has spiked by $1.19 trillion to $32.66 trillion since the lifting of the debt ceiling. The Treasury Department increased borrowing plans to $1.01 trillion this quarter and an expected $852 billion in the next due to lower revenues and higher outlays. This flood of Treasury securities will need to attract investors with high enough yields, and an increase in longer-term securities issuance is expected soon.