The U.S. national debt — to the penny, according to the Treasury — reached $36,034,994,586,981.97 on November 11, 2024. It was the first time it reached that amount.
In a DealBook Summit interview, journalist Andrew Ross Sorkin asked Federal Reserve chair Jerome Powell about the national debt and whether the country was on the “knife’s edge” and about to tip over.
Typically, when Powell or others at the Fed receive questions, they’re about interest rates, when the next cut might occur, and how ongoing events and trends in the economy might affect them. They also tend to politely dodge the inquiries. Powell had already begged off commenting on various topics Sorkin raised that weren’t within the central bank’s purview.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
