U.S. National Debt Skyrockets: Economic Security at Stake, Warns Cato Institute

According to data from the U.S. Department of the Treasury’s Bureau of the Fiscal Service, from June 27 to July 27, 2023, the U.S. Total Public Debt Outstanding jumped from $32,65 trillion to $32.26 trillion, which is an increase of over $392.75 billion. But what exactly is the Total Public Debt Outstanding, and why does it matter? […]