The former president of the USA and candidate for the position of head of state from the Republican Party, Donald Trump, in case of victory, intends to pay off the national debt of the country. He stated this at a rally in Pennsylvania.
"We will repay our country's debt. This country owes $35 trillion, but that could quickly turn to dust,'' he said, quoted by the AP.
In addition, Trump promised to reduce taxes for citizens.
At the end of July, the US Treasury Department released data according to which the country's national debt reached the $35 trillion mark for the first time.
In January 2024, the country's foreign debt reached 34 trillion. dollar. Then-Treasury Secretary Janet Yellen called that figure "frightening".
In 2023, US President Joe Biden and Kevin McCarthy, a Republican and then-Speaker of the House of Representatives, worked on an agreement to delay the national debt ceiling until January 1, 2025.
It was intended to prevent the "threat of catastrophic failure". Biden signed the agreement in early June 2023.