Thursday, 16 March 2023

[Post 222] How the U.S. Spent $1.4 Trillion in Debt Last Year | WSJ


The United States relies on taxes and debt for much of its spending — but what would spending cuts look like? Just last year, the U.S. took on over a trillion dollars in debt.

WSJ explains how much the Treasury relies on debt, where it goes and what happens when the Treasury hits the debt ceiling.

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