The US national debt crossed $39 trillion which is bigger than the country’s $32 trillion economy. This comes just weeks after the US-Israel war in Iran, marking a new record level.

The surge comes as the government increases defense spending and tax policies despite pledges to reduce debt.

Officials say rising debt leads to higher borrowing costs, lower wages, and more expensive goods and services.

Michael Peterson, CEO of the Peter G. Peterson Foundation, said, “We must recognize this alarming rate of growth and the financial burden on the next generation.”

Debt rose from $37 trillion to $39 trillion in months and could hit $40 trillion soon, with the Iran war costing over $12 billion. #US #IranIsraelConflict #IranAttackIsrael #USDebtCrisis

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