The US national debt has surged to a historic high, surpassing USD 34 trillion for the first time, according to the latest report from the US Treasury Department. The latest figure comes just three months after the debt initially crossed the USD 33 trillion mark. Reportedly, lawmakers are gearing up for fiscal battles over spending in the coming year, with government borrowing costs rising due to the Federal Reserve's efforts to increase interest rates. US Presidential Election 2024: Joe Biden at Risk of Losing Young Black and Hispanic Voters Over Not Halting Israel-Hamas War.
US National Debt
ALERT: US National Debt hits $34 trillion for the first time. pic.twitter.com/a8VcSVHs1G
— Insider Paper (@TheInsiderPaper) January 3, 2024
US National Debt Soars Past $34 Trillion: Gold Bull Peter Schiff Warns Of Crisis Before Year End, Analyst Raises Alarm Over Social Programs pic.twitter.com/AL4jC6E74P
— Benzinga (@Benzinga) January 3, 2024
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