The U.S. National debt officially surpassed 37 trillion USD, marking a significant fiscal milestone. The increased federal borrowing of 1.9 trillion USD in the past year raises critical concerns regarding economic stability and sustainability.
The surge in debt is prompting analysts, including CRFB President Maya MacGuineas, to scrutinize fiscal policies. The rising cost of borrowing may impact future strategies for economic stabilization, influencing both market stability and policy adaptation.
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