The US government’s gross national debt has surpassed $37 trillion, a record number that highlights the accelerating debt on America’s balance sheet and increased cost pressures on taxpayers.
The $37trn update is found in the latest Treasury Department report issued yesterday which logs the nation’s daily finances.
The national debt eclipsed $37trn years sooner than pre-pandemic projections. The Congressional Budget Office’s January 2020 projections had gross federal debt eclipsing $37 trillion after fiscal year 2030.
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