The U.S. National debt has now surpassed 37 trillion USD for the first time in history, due to increased government spending and stimulus measures.
U.S. Representative Brendan Boyle voiced concerns that the GOP tax bill will significantly add to the national debt, emphasizing the urgent need for balanced fiscal strategies.
Goldman Sachs economists forecast that rising debt servicing costs will lead to increased government borrowing, further complicating the fiscal landscape.
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