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Yahoo Finance: U.S. National Debt Surges by $8.5 Billion Daily in the Last Year


Over the past year, the U.S. national debt has increased by nearly $8.5 billion per day, according to data from Yahoo Finance. This rapid increase in debt is a concerning trend that has been amplified by the economic impacts of the COVID-19 pandemic.

The rising national debt is a result of increased government spending on pandemic relief programs, healthcare initiatives, and economic stimulus packages. Additionally, tax revenue has decreased due to widespread job losses and business closures, further adding to the growing debt burden.

The U.S. national debt now stands at over $28 trillion, with no clear end in sight to the borrowing and spending spree. Economists and policymakers are divided on the implications of such high levels of debt, with some warning of negative consequences such as inflation, reduced economic growth, and higher interest rates.

Despite the concerns, the U.S. government continues to prioritize spending in order to support the economy and provide relief to individuals and businesses in need. However, there is growing pressure to address the long-term sustainability of the national debt and find ways to reduce government spending and increase revenue.

Overall, the rapid increase in the U.S. national debt highlights the challenges facing the country as it navigates the ongoing economic fallout from the pandemic. It will be crucial for policymakers to carefully manage the debt burden and make strategic decisions to ensure the long-term financial health of the nation.

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