This billionaire trading tycoon argues the public is looking at federal debt all wrong (opens original article in a new tab)

Billionaire Jeff Yass argues the public misinterprets federal debt levels, stating that conventional wisdom about $39.1 trillion in debt is incorrect when accounting for internal liabilities.

• Billionaire Jeff Yass claims public misunderstanding of federal debt
• Federal debt is reported as $39.1 trillion but $31.6 trillion when considering internal liabilities
• Yass argues conventional wisdom about debt levels is incorrect