The US Debt Crisis: All You Need to Know

Fibre2Fashion

Published: May 17, 2023

Pic: Shutterstock

Key Takeaways

The US is facing a debt crisis. The national debt has reached a record high of $31.4 trillion, and the government is estimated to have hit its debt ceiling on May 16, 2023. If Congress does not raise the debt ceiling, the government will be unable to pay its bills and will default on its debt, which would have a devastating impact on the country’s economy.

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The US Debt Crisis: All You Need to Know

Key Takeaways

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