The country’s total national debt has exceeded $31 trillion, according to a US Treasury report released Tuesday that records America’s daily financial data. The debt numbers approached the legal ceiling of nearly $31.4 trillion – an artificial limit imposed by Congress on the US government’s ability to borrow – and the debt numbers hit an already weak economy facing high inflation, high interest rates and a strong dollar. While President Joe Biden touted his administration’s efforts to cut the deficit this year and recently signed the so-called Inflation Cuts Act,…
Read MoreUS national debt: Nation’s gross national debt has surpassed $31 trillion!
