The U.S. national debt is nearing $33 trillion, but Janet Yellen isn’t worried just yet. The Treasury Secretary pointed to a key statistic on Monday that, she believes, illustrates that the federal government’s growing debt burden remains under control.
“The statistic or metric that I look at most often to judge our fiscal course is net interest as a share of GDP,” she told CNBC Monday, referring to the net payments the federal government makes on its debt relative to U.S. gross domestic product. “And even with the rise we have seen in interest rates that remains at a very reasonable level.”
