The chart below shows how the official figure has surpassed 2008 levels, when a major government clean-up of bad debt at state controlled banks caused the industrywide bad-loan level to drop by ...

Elon Musk has warned that the US could face bankruptcy if its rising $36 trillion national debt is not addressed.

1 when — as per a 2023 agreement between President Joe Biden and then-House Speaker Kevin McCarthy — a temporary suspension of the debt limit ends and a cap on the US government borrowing ...