The rapidly growing debt of the U.S. federal government has hit another milestone, topping more than $100,000 per person.
While the U.S. population and the U.S. national debt are large numbers that are difficult to calculate, the rough debt estimate and rough population estimate end up at about $100,000 of federal debt per person in the U.S.
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The gross national debt reached $32 trillion for first time in U.S. history on Friday.
The Congressional Budget Office estimates that the nation’s deficit for fiscal year 2023 will be $1.4 trillion, driving the national debt even higher.
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The Federal Emergency Management Agency (FEMA) approved for Minnesotans to receive $300 in weekly unemployment benefits this fall. FEMA Administrator Pete Gaynor issued the grant through the Lost Wages Supplemental Payment Assistance program.
The approval comes one day after Governor Tim Walz announced his decision to apply for additional unemployment payments. Walz explained this was a necessary decision based on the continued COVID-19 mandates.
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The U.S. Treasury has published a major report revealing that the federal government has amassed $103.7 trillion in debts, liabilities, and unfunded obligations.
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With just two months remaining in fiscal year 2019, come Sept. 30, the U.S. budget deficit appears likely to come in just shy of $1 trillion, the latest data from the U.S. Treasury shows.
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