US debt hits historic high ...News

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The record was reached just two weeks after the government was given leave to keep borrowing without limits through 2024 The US national debt passed a record $32 trillion for the first time ever this week, data released on Friday by the Treasury Department shows. The record was reached less than two weeks after President Joe Biden signed a bill that suspended Washington’s $31.4 trillion debt limit, averting what would have been a first-ever US debt default. The measure allowed the country’s government to borrow unlimited funds until January 1, 2025, when the debt ceiling suspension ends. This means the government

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