U.S. Federal Debt Surpasses $39 Trillion, Debt-to-GDP Ratio Hits 123% as of May 20

GateNews
According to latest Treasury Department data, U.S. federal government debt surpassed $39 trillion as of May 20, having increased by over $1 trillion since October 23, 2025, at an average daily rate of $5 billion. The debt-to-GDP ratio reached approximately 123%, well above traditional safety thresholds. To reduce annual deficits to 3% of GDP, the U.S. needs to cut approximately $10 trillion in deficits over the next decade. JPMorgan CEO Jamie Dimon warned that if investors demand higher yields, rising bond market pressures could force fiscal tightening.
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