US National Debt Reaches an All-Time High of $33 Trillion
In the latest fiscal reports, the U.S. National Debt has officially reached an all-time high of $33 trillion. In January 2023, the debt limit was $31.41 trillion, showing a nearly $2 trillion increase in less than a year. JUST IN: 🇺🇸 US national debt reaches an all-time high of $33 trillion. — Watcher.Guru (@WatcherGuru) September 18, 2023 The debt ceiling is a functioning cap on how much the United States Treasury can actively borrow. Now, leaders in government must decide if they will lift the cap once again, something that has been done over 100 times in the last century. COVID relief and aid to Ukraine, amongst other factors, are contributing to the huge rise in US national debt. In addition to US debt, inflation is also up, with the Consumer Price Index (CPI) in the US up to 3.7%. Also Read: US Inflation Rises to 3.7% Source: Britannica The US has just seven legislative days to avert a government shutdown, with a Defense Approp...