US National Debt Reaches Historic $35 Trillion
New data reveals unprecedented rise, sparking urgent calls for fiscal reform.
- The federal debt now stands at $35 trillion, equating to approximately $104,000 per US citizen.
- Experts warn that the debt trajectory poses significant risks to the economy, including inflation and interest rates.
- Both political parties face criticism for their roles in escalating the national debt through spending and tax policies.
- The Congressional Budget Office projects the federal budget deficit to approach $2 trillion this fiscal year.
- Calls for bipartisan solutions to address the fiscal crisis are growing as election season approaches.