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 UK Inflation Dips to Multi-Year Low READ MORE U.S. Banks Face Dual Challenges: Weakening Loan Quality and Declining Interest Payments READ MORE Japan's Corporate Goods Prices Hit Record High as Import Costs Surge READ MORE Fed's Outdated Forecasting Challenged as Economy Defies Predictions READ MORE Fed Vice Chair Warns of Challenges on Road to Inflation Target READ MORE Add a Comment Cancel replyYour email address will not be published.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