Treasury Secretary Yellen: Debt Burden Sustainable at Current Levels Treasury Secretary Janet Yellen stated that the U.S. national debt, currently at $34.7 trillion, is manageable if it remains stable relative to the economy. Despite high interest rates increasing the burden, Yellen emphasized the importance of focusing on the real interest cost of the debt. With net interest costs reaching $601 billion in the 2024 fiscal year, concerns remain about rising debt levels. Yellen supports President Biden’s plans to address these challenges. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Mining Stocks Lag Behind as Gold Prices Shine: A Rally on the Horizon? READ MORE Fed's Powell Cautious on Rates, Inflation Data to Guide Future Decisions READ MORE World Gold Council Survey: 29% of Central Banks to Increase Gold Holdings in 2024 READ MORE Job Market Reality Check: BLS Set to Erase Up to a Million Jobs from 2023-2024 Estimates READ MORE Survey Shows Americans Drowning in Debt READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment