US National Debt Hits $35 Trillion Milestone

In a historic fiscal milestone for the federal government, the national debt rose to $35 trillion for the first time, according to the latest Treasury Department Debt to the Penny data. Current debt levels are equal to $105,000 per person and $266,000 per household. Washington accumulated another $1 trillion in debt in fewer than seven months. Over the last 12 months, the national debt has spiked by nearly $2.35 trillion, or $6.4 billion per day. House Budget Committee Chairman Jodey Arrington (R-Texas) is calling the announcement “another dubious milestone in the fiscal decline of the most powerful and prosperous nation in its history.” Since January 2021, the national debt has increased by approximately $7.3 trillion....