US national debt rises to record $34T

By Associated Press

Jan 04, 2024 12:36 am

WASHINGTON, D.C.: 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 Treasury Department issued a report Tuesday logging US finances, which have become a source of tension in a politically divided Washington that could possibly see parts of the government shutdown without an annual budget in place.

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