"U.S. Debt Surpasses $34 Trillion Amid Economic Concerns and Congressional Budget Battles"

The U.S. national debt has reached a record $34 trillion, surpassing projections years earlier than expected due to heavy borrowing during the pandemic to support the economy. This increase has raised concerns about the long-term economic impact, including the sustainability of major programs like Social Security and Medicare. The debt's growth could lead to higher inflation and interest rates, affecting the cost of repaying the debt. Political divisions persist, with Democrats advocating for tax hikes on the wealthy and corporations, and Republicans pushing for spending cuts and tax reductions. The trajectory of the national debt is seen as unsustainable by some, with potential severe consequences for the U.S. economy.