US national debt climbs to record ₹37.94 lakh crore, daily interest costs hit ₹26,962 crore
The federal debt of the United States has touched an all-time high of ₹37.94 lakh crore, marking a rise of ₹308 lakh crore compared to last year. This surge is attributed to factors including an older demographic, escalating medical expenses, increased interest rates, and a shortfall in tax collections. Currently, the US is paying over ₹26,962 crore every day just in interest, a figure projected to increase twofold over the next ten years.
by shortkt.com✓