spot_img

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

Date:

spot_img

(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:

The post Mounting U.S. Money Woes: From Record National Debt to Looming Government Shutdown Threat appeared first on American Urban Radio Networks.

Read the Black Chronicle Black History Edition for Free! Click Below

Read the Black Chronicle Black History Edition for Free! Click Below

spot_img
spot_img

Subscribe

Share post:

Popular

More like this
Related

Opposing Agendas: Biden, Trump Visit Southern Border

 Both President Joe Biden and former President Donald Trump...

Defining Success in Black America

(AURN News) – A comprehensive study by Pew Research has illuminated...

Wisconsin’s Ron Johnson doesn’t rule out Senate minority leadership

(The Center Square) – Wisconsin’s Republican U.S. Senator says...