[U.S. Treasury Debt Surpasses $30 Trillion Mark]
The total sovereign debt of the U.S. Treasury has surpassed the $30 trillion mark for the first time, reaching $30.2 trillion as of November, more than doubling since 2018. This debt includes Treasury bills, medium-term Treasury notes, and long-term Treasury bonds, which are the main components of the U.S. federal total debt. As of November, the total national debt of the United States reached $38.4 trillion, including obligations to the Social Security Trust Fund and savings bond holders. In 2020, the U.S. raised $4.3 trillion through the issuance of the aforementioned three types of Treasury securities, with the fiscal deficit exceeding $3 trillion that year. Although the deficit is projected to decrease to approximately $1.78 trillion in the 2025 fiscal year, interest payments on the debt remain as high as $1.2 trillion. Citigroup interest rate strategist Jason Williams stated that interest payments are the biggest challenge, as tariff revenues are far from sufficient to cover the interest on existing debt.