America’s National Debt Exceeded $31 Trillion For The First Time
America’s national debt has exceeded $31 trillion for the first time. During the Covid-19 Pandemic, the U.S. government went on a borrowing spree. The borrowing occurred when interest rates were low. Now, inflation has reached a historical high period as well as interest rate hikes by the federal reserve in attempt to subdue rising prices, results in borrowing costs to…