7 August 2023
The U.S. national debt has surged by over $276 billion in a month, reaching $32.608 trillion by July 31st. Recent data suggests that if this fiscal trajectory continues, the U.S. could accumulate a debt of $143.895 trillion within three decades. Immediate solutions are required, including changes in both spending and revenue, and addressing complex issues like entitlements. As of August 3rd, the federal debt stands at $32.604 trillion.