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US Debt Crisis Deepens as National Debt Surpasses $35 Trillion

US Debt Crisis Deepens as National Debt Surpasses $35 Trillion


Bitcoin.com
2024-07-30 04:17:44

The U.S. national debt has exceeded $35 trillion, highlighting the country’s severe fiscal challenges as debates over taxes and spending continue. The Congressional Budget Office forecasts the debt could surpass $56 trillion by 2034, driven by rising expenditures and interest costs outpacing tax revenues. High interest rates, unexpected pandemic-related program costs, and robust demand for


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