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US National Debt Surges – Is a Fiscal Reckoning Near?
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Subscribe22 OCT 2024 / ECONOMY
The U.S. national debt has surged to $35.7 trillion as of October 2024, nearly doubling from $18.1 trillion in 2015 due to sustained and substantial government spending on programs like healthcare, infrastructure, and COVID relief. Economists warn that this debt increase signals deeper fiscal issues that, if not addressed, could result in economic instability, with possible solutions including targeted spending cuts, tax reforms, and revamping the debt ceiling.
The U.S. national debt has reached a staggering $35.7 trillion as of October 2024, skyrocketing by $500 billion in just the past two weeks! Over the last year, it’s grown by $2 trillion, signalling deeper fiscal issues that need urgent attention. To put i...
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