April 29, 2024

AndronETalksNews

AndronETalksNews

US national debt exceeds $30 trillion for first time in history

New York Post

 

America’s national debt has surpassed $30 trillion for the first time in history, the Treasury Department said this week.

The federal government exceeded the troubling threshold following a wave of borrowing and spending during the COVID-19 pandemic.

The national debt has expanded by approximately $7 trillion since January 2020, weeks before the pandemic began, as the Trump and Biden administrations dispersed stimulus payments and took other measures to support the economy.

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