10 July 2023
The US national debt has surpassed $32 trillion, and when considering unfunded liabilities, such as Social Security and healthcare programs, it reaches $224.5 trillion. Corporate bankruptcies in the first half of 2023 have hit a 13-year high, with 340 companies filing for bankruptcy. June saw 54 corporate bankruptcy filings, including notable companies like Lordstown Motors and Rockport Co.