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Al Jazeera
Al Jazeera
Technology
Hanna Duggal, Marium Ali

The US has $36 trillion in debt. What does that mean, and who owns it?

United States the US Donald Trump China Deficit Al Jazeera National Debt

On Sunday, a key congressional committee in the United States approved President Donald Trump’s new tax cut bill, which could pass in the House of Representatives later this week.

The bill extends Trump’s 2017 tax cuts and may add up to $5 trillion to the national debt, deepening worries after a recent US credit ratings downgrade by Moody’s on Friday, which cited concerns about the nation’s growing $36 trillion debt.

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