The US Treasury has sounded the alarm over the amount of foreign debt
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US Treasury Secretary Yellen considers the US national debt of $34 trillion frightening
United States Treasury Secretary Jeannette Yellen said that the country’s external debt, which has already exceeded $34 trillion, is very frightening.
“The US foreign debt is $34 trillion, which is a very frightening number,” Yellen said during a speech at an event organized by the Economic Club of Chicago.
According to her, at the moment the American economy is “huge”, so the external debt is “completely manageable.” However, it will be necessary to take action in the near future to ensure that the deficit is reduced.
“We need the White House and Congress to do the appropriate work on this. It is necessary to invest in our economy,” the US Treasury Secretary emphasized.
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