U.S. debt exceeded $31 trillion for the first time. In a report earlier this year, the U.S. Congressional Budget Office (CBO) warned about the country’s rising debt burden.
The national debt of the USA exceeded 31 trillion dollars for the first time.
The country’s debt has reached $31.1 trillion, according to data from the U.S. Department of the Treasury.
In a report earlier this year, the U.S. Congressional Budget Office (CBO) warned about the country’s rising debt burden.
The CBO’s Long-Term Budget Outlook Report published in July emphasized that increasing debt could slow economic growth, increase the country’s interest payments, increase the risk of the financial crisis, and cause legislators to feel more constrained in their policy choices.
