The US Treasury Department has reported that the United States borrowed $1.07 trillion in the first six months of fiscal year 2024. The figure was reported in the Department’s latest Monthly Treasury Statement released on Wednesday.
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The U.S. Treasury reports that the federal government’s debt has risen by $2,452,444,126,108.25 since the previous Thanksgiving.
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Both Democrats and Republicans in Congress are poised to stand in the way of lifting the nation’s borrowing limit next month, increasing the chances of real problems for House and Senate leaders as they try to increase the debt ceiling by an end-of-September deadline.
