The U.S. national debt has reached an all-time high, surpassing $33 trillion, raising concerns about government spending
In just four decades, the national debt has skyrocketed from around $907 billion to over $33 trillion
Debt held by the public has recently exceeded $26 trillion, highlighting the magnitude of the issue
Experts warn that despite the enormity of these numbers, they remain a significant danger to the economy
Congress is rushing to prevent a government shutdown at the end of September, adding urgency to the debt situation
House Republicans propose a short-term plan to fund the government through October 31, but it faces opposition
The national debt keeps growing, with little progress made in addressing it, according to Michael Peterson of the Peter G. Peterson Foundation
Congressional Budget Office predicts the national debt will nearly double in size over the next three decades
The spike in interest rates has made servicing the national debt more expensive, becoming the fastest-growing part of the federal budget
Interest payments on the national debt are projected to reach $5.4 trillion by 2053, surpassing spending on critical programs like Social Security and Medicare