The US debt surged by $1 trillion in two months. (Photo credits: Pexels) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The United States has seen its national debt swell beyond $38 trillion. This amounts to a debt load exceeding $114,000 per individual.

As per the US Treasury’s official website, the national debt currently stands at $38.39 trillion.

During a little more than two months, the debt climbed by $1 trillion, representing one of the fastest jumps outside pandemic-related surges, according to a Fortune report.

With deficits expanding and interest payments increasing, the fiscal outlook grows increasingly precarious. A common perception among Americans is that the dollar’s role as the world’s reserve currency acts as a financial safeguard. However, this prot

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