U.S. government bonds, or Treasuries, are the primary way the federal government borrows money and one of the world’s most ...

Fiscal hawks warn that deficits produce higher inflation rates and higher interest rates that harm the poor the most.

It was raised to about $31.4 trillion—a limit that has now been raised and exceeded with the legislation of June 2023. As of August 2024, the U.S. national debt stands at over $35 trillion.

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