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U.S. Public Debt Hits $38 Trillion Amid Budget Paralysis
U.S. Public Debt Hits $38 Trillion Amid Budget Paralysis
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BTCCSquare news:
The U.S. Treasury's latest report reveals a historic milestone—gross public debt has surged past $38 trillion. This marks the fastest trillion-dollar acceleration outside pandemic conditions, with $1 trillion added in under two months. The escalation coincides with a partial government shutdown and mounting pressure on monetary policy.
Experts warn of cascading effects: inflationary pressures, elevated borrowing costs, and unsustainable interest payments. While the administration touts deficit reduction to $468 billion through austerity measures, the debt trajectory raises structural concerns. The crypto market watches closely as regulatory uncertainty persists amid fiscal instability.
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