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US national debt hits $36 trillion, a new record

  • The US national debt has surpassed $36 trillion, reaching $36.03 trillion after a $61 billion increase today, according to the Treasury Department.
  • In 2024, the national debt surged by $2 trillion, despite higher-than-average GDP growth.
  • Debt service costs are projected to exceed $1 trillion next year, surpassing national security spending due to rising inflation impacts.
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Townhall broke the news in on Friday, November 22, 2024.
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