The US national debt has officially surpassed the $40 trillion mark, creating concerns regarding long-term economic stability.
The US national debt has officially surpassed the $40 trillion mark, a record high that is double what it was a decade ago. This milestone represents a significant increase in the national debt, raising concerns among economists regarding the potential for a fiscal cliff catastrophe.
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During a G20 summit in Asheville, N.C., global finance leaders met to discuss the bond sell-off that threatened to raise the long-term borrowing costs and upend global economic stability. The administration announced that the national debt is a primary concern, as the debt continues to spiral without showing signs of slowing down. While the administration announced that the national debt is a primary concern, the administration announced that the national debt is a primary concern, the administration announced that the national debt is a primary concern.
Sources
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Gary Franks: Over $40T in debt. Blame dysfunctional parents (our government)
Hartford Courant
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Can Anyone Solve America’s $40 Trillion Debt Problem?
KQED