#USNationalDebt
The U.S. national debt exceeds $34 trillion: Where is the economy heading?
The national debt of the United States has surpassed $34 trillion, a historic figure that raises concerns among investors and policymakers alike. This massive increase is attributed to multiple factors, most notably rising government spending, funding wars, and significant economic stimulus during crises such as the COVID-19 pandemic.
As high interest rates continue from the Federal Reserve, the burden doubles, with an increasing portion of the budget going solely to interest payments. This could pressure spending priorities such as education and health, increasing the likelihood of future crises.
And although the dollar remains the global reserve currency, the rise in debt at this level threatens the confidence of global markets in the long term. The current situation requires cautious financial policies and serious reforms in spending and revenue to avoid larger crises that could impact the U.S. and global economy.
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