US Debt Increases by 130 Trillion Won Every 100 Days

The U.S. federal government's debt has been increasing by approximately $1 trillion (about 1,336 trillion KRW) every 100 days.

According to data from the U.S. Department of the Treasury cited by CNBC on the 3rd (local time), the national debt surpassed $34 trillion (about 45,424 trillion KRW) on January 4th.

It took 110 days for the debt to increase by $1 trillion after exceeding $33 trillion on September 15th last year.

The debt surpassed $32 trillion on June 15th last year, and it took 91 days to reach $33 trillion.

While it took about eight months for the debt to increase from $31 trillion to $32 trillion, the pace of increase has recently accelerated.

The latest government debt, as of the 29th of last month, stands at $34.471 trillion.

Michael Hartnett, Chief Investment Strategist at Bank of America (BofA), analyzed that the "100-day" pattern will continue even as the debt increases from $34 trillion to $35 trillion.

Political instability linked to the U.S. national debt is connected to the country's creditworthiness.

Credit rating agency Moody's maintained the U.S. sovereign credit rating at the highest level of "Aaa" last November but downgraded the credit outlook from "stable" to "negative" due to increased risks to fiscal soundness.

At that time, Moody's stated, "In a rising interest rate environment, there are no effective fiscal policy measures to reduce government spending or increase revenue," and added, "The U.S. fiscal deficit is expected to remain very large, significantly weakening the ability to manage debt."