US National Debt Exceeds $32 Trillion for First Time
The US national debt topped $32 trillion for the first time ever this week, according to Treasury Department data released on Friday.
The debt milestone comes two weeks after President Biden signed legislation to suspend the nation’s borrowing limit through the end of 2024.
Despite the White House and negotiators for House Speaker Kevin McCarthy (R-Calif.) agreeing to $1.5 trillion in spending cuts over the next decade, America’s gross national debt is still projected to exceed $50 trillion by 2033
Read More at the New York Post
