美国总统特朗普针对其关税体系的收入制定了双重计划：首先，他表示将用这笔钱偿还美国37万亿美元 的国债；其次，他正考虑将部分收益分给公众。 "我做这件事的主要目的是偿还债务，而且会还一大笔，"特朗普本月早些时候告诉媒体，"但我认为， 我们的关税收入还可能多到足以给美国民众发一笔'红利'。" 理论上，这个计划听起来很诱人。但问题在于：目前，关税收入甚至不够支付债务利息——更别提减少 债务总额了。 《财富》杂志获取的财政部数据显示，仅7月，国库券的应计利息支出就达381亿美元。再加上国债利息 139亿美元、浮动利率国库券（FRN）利息28.5亿美元，以及通胀保值国债（TIPS）的61亿美元利息， 当月利息总额高得惊人：609.5亿美元。 相比之下，财政部报表显示，关税收入仅296亿美元，虽数额可观，却仍不足以覆盖利息支出。 当然，白宫可以将关税收入直接用于偿还部分债务，从而减少利息支出。政府有多种偿债方式：要么在 债券到期时兑付而非续发，要么启动回购计划赎回债券以减少未偿债务总额。 但白宫似乎尚未打算采取后者。2025年8月的暂定回购计划显示，财政部拟斥资近400亿美元回购各类期 限的证券。不过，与去年8月的类似计 ...

Core Viewpoint - The U.S. national debt has surpassed $37 trillion, growing at an unprecedented rate, raising concerns about fiscal sustainability and future economic implications [1][2][4]. Debt Growth and Fiscal Pressure - The U.S. national debt reached $37 trillion as of August 12, 2024, a significant increase from $36 trillion just months prior, highlighting a rapid acceleration in borrowing [3][4]. - The Peterson Foundation noted that the speed of debt accumulation is faster than ever, with the debt increasing by $1 trillion in approximately 173 days at the current daily growth rate [4]. - The debt ceiling was raised by $5 trillion to $41.1 trillion under the "Big and Beautiful" act, which has contributed to a rapid increase in debt levels [4][8]. Impact on Households and Credit Ratings - If the national debt were distributed among U.S. households, each would owe approximately $280,000, with individuals facing a debt burden of about $108,000 [2]. - The rising debt levels have led to a decline in trust in U.S. fiscal management, with major credit rating agencies downgrading the U.S. credit rating due to deteriorating fiscal conditions [5]. Fiscal Structure and Spending - Mandatory spending on Social Security, Medicare, and interest on the national debt has surged from 34% of total federal spending in 1965 to 73% in 2024, limiting discretionary spending [6][8]. - Interest payments on the national debt are projected to reach $1.4 trillion by 2025, accounting for 26.5% of federal revenue [8]. Revenue Challenges and Tax Policy - The "Big and Beautiful" act is expected to reduce tax revenue by approximately $220 billion in the 2025 fiscal year, exacerbating the fiscal deficit [8][9]. - Despite a significant increase in customs revenue due to tariff policies, the overall impact on reducing the national debt is considered minimal compared to rising healthcare costs [9][10]. Monetary Policy and Interest Rates - There is a notable divide within the Federal Reserve regarding interest rate policies, with some members advocating for rate cuts to alleviate debt burdens while others express concerns about inflation [11][12]. - Recent economic data has fueled expectations for potential interest rate cuts, with market predictions indicating a high probability of rate reductions in the coming months [14].

Core Points - The U.S. national debt has surpassed $37 trillion, growing at an unprecedented rate and setting a historical record [1][2] - The Peterson Foundation warns that the speed of debt accumulation is faster than ever, with significant implications for future generations [3][4] Debt Growth - The U.S. national debt increased from $36 trillion to $37 trillion in just a few months, with a daily average increase of approximately $22 billion [3] - The debt ceiling was raised by $5 trillion to $41.1 trillion, allowing for rapid debt accumulation [3][4] Fiscal Challenges - Mandatory spending on Social Security, healthcare, and interest on the national debt has risen dramatically, consuming 73% of total federal spending by 2024 [5][6] - Interest payments on the national debt are projected to reach $1.4 trillion by 2025, accounting for 26.5% of federal revenue [6] Revenue Shortfalls - The "Big and Beautiful" Act is expected to reduce federal tax revenue by approximately $220 billion in the 2025 fiscal year, exacerbating the fiscal deficit [6][7] - Customs revenue has increased significantly due to tariff policies, but this is insufficient to cover the growing fiscal gap [7][8] Monetary Policy Disputes - There is a significant divide within the Federal Reserve regarding interest rate policies, with some members advocating for rate cuts to alleviate debt burdens [9][10] - Recent economic data has heightened expectations for potential interest rate cuts, with a 90.1% probability of a 25 basis point cut in September [12]

风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何 意见、观点或结论是否符合其特定状况。据此投资，责任自负。 中国6月所持美债增加1亿美元，至7560亿美元。 ...

图片来源：视觉中国 美国国债总额已突破37万亿美元，这一创纪录数值凸显了美国资产负债表债务加速增长，纳税人面临的 成本压力日益增大。 美国财政部在周二发布的最新国家每日财政状况记录报告中，更新了37万亿美元这个数字。 国 债 突 破 37 万 亿 美 元 的 时 间 点 较 疫 情 前 的 预 测 提 前 了 数 年 。 2020 年 1 月 ， 国 会 预 算 办 公 室 （Congressional Budget Office）预测，联邦政府的债务总额将在2030财年之后突破37万亿美元。但2020 年暴发的持续多年的新冠疫情导致美国经济大面积停摆，时任总统特朗普与前任总统乔·拜登相继主导 联邦政府大举借贷，以稳定国民经济并支持经济复苏，导致债务增速远超预期。 而今年早些时候，特朗普签署共和党的减税和支出法案后，政府新增支出再获批准。据国会预算办公室 估算，该法案将在未来十年增加4.1万亿美元国债。 彼得·G·彼得森基金会（Peter G. Peterson Foundation）主席兼首席执行官迈克尔·彼得森在声明中指出， 政府借贷带来利率升高压力，"使全民负担加重并抑制私营领域投资。在联邦预算中，债务 ...

当地时间8月12日，美国劳工统计局公布的数据显示，美国7月CPI环比上升0.2%，与预期一致，前值为 0.3%；同比涨幅维持在2.7%，低于市场预期的2.8%。 CPI数据出炉，特朗普再度炮轰鲍威尔 自特朗普上任以来，几乎每次通胀报告、就业数据和美联储决议之后，他都会公开要求美联储降息，并 抨击鲍威尔。这一次当然也不例外。 在最新的帖文中，特朗普要求美联储主席鲍威尔立即降息，并指责其总是行动太迟。 他还发出威胁，正考虑允许针对鲍威尔的相关诉讼继续推进。特朗普批评鲍威尔在美联储大楼建设管理 上表现糟糕且无能，称该项目耗资30亿美元，而这本应是一个花费约5000万美元的修缮工程。 美国债务的持续膨胀，也再次给了特朗普催促降息新的口实。特朗普一直认为，由于美联储迟迟不愿再 降息，美国政府正为其债务支付巨额利息，导致财政压力巨大。他曾表示，如果美联储将基准利率下调 3个百分点，美国一年可以省下1万亿美元。 近一段时间以来，特朗普多次炮轰鲍威尔，却也丝毫不影响后者的按兵不动。 和鲍威尔站在同一阵营的还有其他的联储成员。当地时间8月12日，堪萨斯城联储主席施密德表示，他 支持美联储暂时维持利率不变，以防止强劲的经济活动加 ...

当地时间8月12日，总台记者获悉，由于美国联邦政府继续以创纪录的速度积累债务，美国国债总额首 次超过37万亿美元。 来源：央视新闻 美国财政部发布的最新数据显示，截至当日下午，美国国债总额已达到37004817625842美元。 美国联 邦预算问责委员会主席马娅·麦吉尼亚斯对此表示，美国财政状况严重失衡，但国会却不断让情况恶 化。 ...

来源：央视新闻客户端 美国联邦预算问责委员会主席马娅·麦吉尼亚斯对此表示，美国财政状况严重失衡，但国会却 不断让情况恶化。 当地时间8月12日， 总台记者 获悉，由于美国联邦政府继续以创纪录的速度积累债务，美国 国债总额首次超过37万亿美元。 美国财政部发布的最新数据显示，截至当日下午，美国国债总额已达到37004817625842美 元。 ...

Core Points - The total U.S. national debt has surpassed $37 trillion, which is approximately 1.27 times the nominal GDP for 2024 [1] - The average debt per American citizen is over $108,000, given the population of approximately 342 million [1] - The U.S. government has been accumulating debt at an unprecedented rate, with significant increases observed in recent months [2][4] Debt Accumulation Trends - The U.S. national debt reached $34 trillion in January 2024, increased to $35 trillion by July 2024, and then to $36 trillion by November 2024, showing a rapid accumulation of $1 trillion in just three months [2] - The debt grew from $36 trillion to $37 trillion between November 2024 and August 2025, taking approximately nine months for this increase [2] - Since the passage of the Fiscal Responsibility Act in June 2023, the national debt has been increasing at an average rate of $1 trillion every 100 days [8] Legislative Context - The debt ceiling, a tool created by Congress to control borrowing, has become a point of political contention, often leading to partisan conflicts [4][8] - The debt ceiling was raised to $31.4 trillion in 2021, and by January 2023, the debt had already surpassed this limit, prompting negotiations that resulted in the Fiscal Responsibility Act [8] - The Congressional Budget Office (CBO) has projected that the federal budget deficit will reach $1.9 trillion in fiscal year 2025, which is 6.2% of GDP, and could rise to $2.7 trillion by 2035 [10] Economic Implications - The increasing debt burden is expected to have long-term consequences for future generations, with concerns about the sustainability of U.S. debt levels [9][10] - The recent "Big and Beautiful" legislation, which includes raising the federal debt ceiling, is projected to increase the budget deficit by approximately $3.4 trillion over the next decade [9] - The rising debt and interest payments have led to credit rating downgrades by major agencies, reflecting growing concerns about the U.S. government's fiscal health [10]

2025.08. 13 本文字数：265，阅读时长大约1分钟 据央视新闻，当地时间8月12日， 记者 获悉，由于美国联邦政府继续以创纪录的速度积累债务，美 国国债总额首次超过37万亿美元。 美国财政部发布的最新数据显示，截至当日下午，美国国债总额已达到37004817625842美元。 美国联邦预算问责委员会主席马娅·麦吉尼亚斯对此表示，美国财政状况严重失衡，但国会却不断让 情况恶化。 微信编辑 | 七三 第 一 财 经 持 续 追 踪 财 经 热 点 。 若 您 掌 握 公 司 动 态 、 行 业 趋 势 、 金 融 事 件 等 有 价 值 的 线 索 ， 欢 迎 提 供 。 专 用 邮 箱 ： bianjibu@yicai.com （注：我们会对线索进行核实。您的隐私将严格保密。） 推荐阅读 美团启动"堂食提振"计划 团外卖 UII 美团专送 The E ...