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U.S. starts fiscal year with record $31 trillion in debt, approaching debt ceiling

Por: CBS News Business October 05, 2022

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The nation's gross national debt has exceeded $31 trillion, according to a U.S. Treasury released Tuesday that logs America's daily finances. Nearing the statutory ceiling of roughly $31.4 trillion — an artificial cap Congress placed on the U.S. government's ability to borrow — the debt numbers are hitting an already tenuous economy facing the , rising interest rates and a strong U.S. dollar. Even as President Joe Biden has... + full article



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