Mounting U.S. Money Woes: From Record National Debt to Looming Government Shutdown Threat


The sun rises through cloudy skies behind the U.S. Capitol in Washington, Monday, Sept. 11, 2023. Congress faces a deadline to fund the government by the end of the month or risk a potentially devastating federal shutdown. There's just 11 working days for Congress to act once the House resumes Tuesday. (AP Photo/J. Scott Applewhite)
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(AURN News) — As continued partisan political discord on Capitol Hill raises the specter of a looming government shutdown, another grave concern has emerged – the escalating national debt. The Treasury Department reports that the national debt has soared to an unprecedented level, now surpassing more than $33 trillion. This was confirmed in the latest data update on Monday and paints a dire picture of the nation’s economic health.

The revelation comes amidst an ongoing struggle with inflation, posing significant challenges for Americans, ranging from the pursuit of homeownership to routine grocery shopping. The relentless rise in consumer prices has left many grappling with higher costs of living and added strain on their household budgets.

Currently, members of Congress find themselves in a race against the clock to avert a potential government shutdown slated for the end of this month. The urgent need for bipartisan action to secure a functioning government has amplified the pressure on lawmakers, even as they now have to confront the major burden of the nation’s escalating debt.

Click play to listen to the AURN News report from Jamie Jackson:

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