Total US debt is expected to hit the ceiling of US $41.1 trillion in 2027

The total debt of the United States is expected to hit the ceiling of $41.1 trillion in 2027. Trump proposed that if the Republican Party wins the mid-term election, it will pay a dividend of $5000 to every American. Some Republicans plan to solve the debt ceiling after the election. Representative Chip Roy asked for supporting large-scale spending restrictions. Speaker of the House of Representatives Johnson only holds a small majority. The Democratic Party used the debt ceiling as a lever to restrict the White House. Similar confrontation in 2023 pushed the United States to the brink of default, and Fitch downgraded the credit rating of the United States from AAA to AA+. (Source: Jin Shi)