We’re addicted to debt: US surpasses $31 trillion, first time in history
Despite President Joe Biden’s deficit reduction efforts, the U.S. starts the new fiscal year with an astonishingly high debt. The country approaches the statutory debt ceiling — an artificial cap Congress has placed on the U.S. government’s ability to borrow — of roughly $31.4 trillion. According to a U.S. Treasury report that logs America’s daily … Read more