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Podcast: The College Investor Audio Show
Episode: U.S. National Debt Reaches Record $37 Trillion
Description: The United States’ gross national debt has surpassed $37 trillion, marking an all-time high and raising concerns about the speed of borrowing and its economic consequences. The Treasury Department’s daily financial report released Tuesday recorded the total at $37,004,818,000,000. This milestone arrived years sooner than expected, with the Congressional Budget Office’s (CBO) pre-pandemic estimates projecting it wouldn’t occur until after fiscal year 2030.The rapid rise reflects massive borrowing over the past six years. Federal spending surged in response to the Covid-19 pandemic, with emergency stimulus measures, unemployment expansions, and business aid programs passed under both the Trump...