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The Treasury just declared the U.S. insolvent. The media missed it (fortune.com)

submitted 1 week ago by CubitOom to c/economics@lemmy.world

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The U.S. government is insolvent. That’s not hyperbole — it’s the conclusion drawn directly from the Treasury Department’s own consolidated financial statements for fiscal year 2025, released last week to near-total media silence. The numbers: $6.06 trillion in total assets against $47.78 trillion in total liabilities as of September 30, 2025.

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[–] humanspiral@lemmy.ca 2 points 1 week ago

https://finance.yahoo.com/economy/policy/articles/treasury-just-declared-u-insolvent-151425143.html (for those who want to read through paywall)

Current public debt is $31.27T. At 4% average interest that is $1.25T/year in interest. Recent 0.4% rise in interest rates is an extra $125B in interest. Over $6k/year in interest per American 18-64. Was a $2.5T increase in debt and obligations for FY25. Another huge number is $15T in future benefits for Federal workers. $75k/working age adult.

The '26 budget deficit will be much higher