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Asian and European equities climbed on Monday, while U.S. equity futures jumped and Brent crude fell, as signs of a possible U.S.-Iran deal boosted risk appetite. To note, the U.S. is on holiday.
This article was originally published by Tyler Durden at ZeroHedge. Asian and European equities climbed on Monday, while U.S. equity futures jumped and Brent crude fell, as signs of a possible U.S.… [+6171 chars]
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Debt held by the public measures what the government owes to outside investors, while total public debt outstanding also includes intra-governmental holdings, which is money one part of the government owes to another.
The Congressional Budget Office identifies increased spending on Social Security and Medicare due to an aging population, alongside rising interest costs on existing debt, as the main drivers.
The current ratio has surpassed 100%, moving toward the all-time record of 106% set in 1946 following World War II.