US debt doubled in a decade
The US public debt has surpassed the $40 trillion mark for the first time, reaching a record high and doubling its level from ten years ago. The debt is increasing at a rate of nearly $7 billion daily due to widening deficits and rising interest payments. Officials warn that this unsustainable debt threatens the US economy and hampers efforts to improve fiscal resilience, with lawmakers needing to take urgent measures to prevent further deterioration.
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