US National Debt Hits Record $34 Trillion as Congress Gears up for Funding Fight
Collection Industry News
DECEMBER 2, 2023
WASHINGTON — The federal government’s gross national debt has surpassed $34 trillion, a record high that foreshadows the coming political and economic challenges to improve America’s balance sheet in the coming years. The U.S. Treasury Department issued a report Tuesday logging U.S. finances, which have become a source of tension in a politically divided Washington that could possibly see parts of the government shut down without an annual budget in place.
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