The U.S. national debt has officially crossed the $35 trillion mark for the first time, according to Treasury Department data released Monday. 📉 The eye-watering figure – $35,001,278,179,208.67 – comes just months after the debt eclipsed $34 trillion in January 2024, highlighting a rapid financial squeeze that’s sparking alarm among economists.
\"This milestone isn’t just a number – it’s a flashing warning sign,\" said Maya MacGuineas of the nonpartisan Committee for a Responsible Federal Budget, urging lawmakers to prioritize fiscal responsibility despite 2024’s election-year politics. 🚨
The debt’s growth has accelerated dramatically: from $33 trillion in September 2023 to $35 trillion in under 10 months. Analysts warn this trajectory could strain public services, inflate borrowing costs, and impact global markets. 💼🌍
While debates rage in Washington about spending cuts vs. revenue increases, young professionals and investors are left wondering: How will this affect jobs, inflation, and opportunities in the years ahead? 🤔
