Justin Fox, Columnist

US Government Debt Is Big. Demand For It Is Bigger.

Why $35 trillion in IOUs isn’t freaking out markets — at least not yet.

May 13, 2024 at 8:43 PM UTC

Justin Fox is a Bloomberg Opinion columnist covering business, economics and other topics involving charts. A former editorial director of the Harvard Business Review, he is author of “The Myth of the Rational Market.”

Remember when we only owed $30 trillion? Those were the days.
Photographer: Jemal Countess/Getty Images North America

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I’m Justin Fox and this is Bloomberg Opinion Today, a heavily indebted compilation of Bloomberg Opinion’s opinions. Sign up here.

Is $34.6 trillion a lot?