U.S. debt exceeds $40 trillion for the first time, with energy prices and mortgage rates rising in tandem
2026-08-22 13:31:04
According to CoinMeta, as reported by the Financial Times, the U.S. government debt has exceeded $40 trillion for the first time, and the growth rate of federal spending has reached its fastest level since the pandemic. Affected by the Iran war, gasoline prices in the United States have risen to $4.11 per gallon, and diesel prices have risen to $5.58 per gallon. The interest rate on 30-year mortgage loans in the U.S. has increased to 6.65%, higher than the 5.98% before the war broke out. U.S. Treasury Secretary Janet Yellen announced an expansion of the long-term Treasury bond repurchase program and plans to reduce the fiscal deficit. The annualized growth rate of the U.S. economy in the second quarter of 2026 is approximately 1.5%.
Source:Internet
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