US National Debt Surpasses $37 Trillion, Fueling Economic Concerns
US National Debt Surpasses $37 Trillion, Fueling Economic Concerns The U.S. government’s gross national debt has officially surpassed a staggering $37 trillion, according to the latest report from the Treasury Department. This record-breaking figure underscores the rapid acceleration of America’s national debt and signals increased cost pressures on taxpayers. This milestone was reached years ahead of pre-pandemic projections. The Congressional Budget Office (CBO) had initially predicted the national debt would not eclipse $37 trillion until after fiscal year 2030. However,…