Fiscal Policy
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US National Debt Exceeds $37 Trillion, Reaching Record High
The U.S. national debt has surpassed $37 trillion, triggering concerns about long-term fiscal sustainability. This figure represents roughly 1.27 times the projected 2024 GDP, equating to over $108,000 per American. The debt is accumulating at an accelerating pace, prompting warnings from fiscal watchdogs like the Committee for a Responsible Federal Budget. Projections suggest the debt could reach $37.8 trillion by the end of 2025 and potentially exceed $50 trillion by 2030, dependent on future economic data and policy decisions.
