#USNationalDebt The debt of the United States has reached a record high of $34 trillion, exceeding expected limits. According to the Department of the Treasury, this increase is due to the government's million-dollar spending to combat the pandemic and unemployment subsidies. Although economists do not foresee an imminent catastrophe, the record debt poses long-term risks. The government can issue debt up to a limit set by Congress, and if the ceiling is reached, there may be problems paying bills and funding programs. The increase in global public debt is primarily driven by the United States and China, which could impact the global economy.