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U.S. National Debt Surpasses $37 Trillion Amid Fiscal Uncertainty
U.S. National Debt Surpasses $37 Trillion Amid Fiscal Uncertainty
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The U.S. national debt has breached $37 trillion for the first time in history, fueled by increased government spending and stimulus measures. Treasury Secretary Scott Bessent acknowledges the spending problem, while TD Securities' Gennadiy Goldberg warns the threshold for unsustainable debt remains unknown.
Debate intensifies as the GOP tax bill claims $1.7 trillion in savings, though critics argue it disproportionately benefits wealthier Americans. Fiscal policymakers face a stark choice: raise taxes, cut spending, or find a balance—each path fraught with complexity.
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