Biden On Track To Break Trump's Record, Says Peter Schiff, As US Debt Tops $35 Trillion And Counting
Portfolio Pulse from Shanthi Rexaline
The U.S. national debt has reached a record high of $35.01 trillion, increasing by over $7.2 trillion since President Joe Biden took office. Economist Peter Schiff highlighted the rapid debt accumulation compared to previous administrations. The iShares U.S. Treasury Bond ETF (GOVT) saw a slight increase in its price.
July 30, 2024 | 6:36 am
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The iShares U.S. Treasury Bond ETF (GOVT) ended Monday’s session up 0.13% at $22.84 amid news of the U.S. national debt reaching $35.01 trillion.
The increase in national debt and the associated fiscal concerns can lead to higher demand for treasury bonds as a safer investment, positively impacting the GOVT ETF in the short term.
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