27 November 2023
The U.S. government’s national debt has surged by over $102.17 billion in just 15 days, growing from $33.637 trillion to $33.740 trillion as of November 16th, according to the FiscalData system. Concurrently, the Heritage Foundation’s EJ Antoni criticizes the Biden administration for excessive spending, warning of a looming financial crisis where the government may struggle to pay its bills. The recent downgrade in the U.S. debt outlook underscores the growing risk for taxpayers and bondholders, including those with retirement funds.