Friday, 31 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Politics > U.S. Borrowing Tops $1.9 Trillion So Far This Year
Politics

U.S. Borrowing Tops $1.9 Trillion So Far This Year

Last updated: November 2, 2024 8:38 pm
Share
U.S. Borrowing Tops .9 Trillion So Far This Year
SHARE

Federal Government Borrowed $1.9 Trillion in First 11 Months of Fiscal Year 2024

By Brett Rowland (The Center Square)


Credit: Chris, Pixabay

The federal government has borrowed a staggering $1.9 trillion in the first eleven months of fiscal year 2024, including $380 billion in August alone, according to the latest Monthly Treasury Statement from the Treasury Department.

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, expressed concerns over the borrowing rate, which amounts to approximately $6 billion per day this fiscal year.

MacGuineas highlighted the looming fiscal challenges that America faces in the near future, including extending tax cuts, raising the debt ceiling, and addressing the expiration of discretionary spending caps. She emphasized the urgency for action from political leaders to address the growing national debt and deficits.

She called on former President Donald Trump and Vice President Kamala Harris to prioritize deficit reduction and fiscal responsibility in their policies and campaign platforms.

The U.S. Government Accountability Office also issued warnings about the unsustainable long-term fiscal path of the federal government, stating that current spending levels are not sustainable in the long run. U.S. Comptroller General Gene Dodaro stressed the need for Congress and the administration to take decisive action to steer the nation towards a more stable fiscal course.

It is imperative for elected officials and candidates for office to develop comprehensive plans for deficit reduction and fiscal sustainability to safeguard the nation’s economy and the well-being of its citizens.

Syndicated with permission from The Center Square.

See also  WATCH: Kristi Noem Savagely Blasts Democrats for Shutting Down the Government in Airport Public Service Announcement - Portland International Airport Refuses to Play Video | The Gateway Pundit | by Jordan Conradson
TAGGED:BorrowingTopstrillionU.SYear
Share This Article
Twitter Email Copy Link Print
Previous Article Trump States He’ll Let RFK Jr. ‘Go Wild’ On Health, Food, Medicines Trump States He’ll Let RFK Jr. ‘Go Wild’ On Health, Food, Medicines
Next Article Gucci Handbags For Fall 2024 In Iconic Designs, Modern Elegance Gucci Handbags For Fall 2024 In Iconic Designs, Modern Elegance
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Weight-Loss Drugs Like Ozempic Can Leave Lasting Damage in Your Mouth : ScienceAlert

Weight loss drugs like Ozempic and Wegovy have been praised for their effectiveness in helping…

June 8, 2025

Chase Stokes Shares Sweet Pic of Kelsea Ballerini’s Dog Amid Cancer Battle

Chase Stokes Sends Love to Kelsea Ballerini's Dog Dibs Amid Cancer Battle Chase Stokes, the…

August 4, 2025

Pope Listening to Persecuted Catholics, Signals Potential Change to China Deal

This article was originally published by The Epoch Times: Pope Listening to Persecuted Catholics, Signals…

September 20, 2025

DOGE’s Mission to Make Government Work Again – The White House

Last night, the Department of Government Efficiency (DOGE) team made an appearance on Bret Baier's…

March 28, 2025

‘American Idol’ exec moved to LA neighborhood ‘to be safe’ before double homicide: family friend

An American Idol executive and her husband were tragically murdered in their upscale Los Angeles…

July 17, 2025

You Might Also Like

Democrats plot messaging blitz ahead of Obamacare hikes
Politics

Democrats plot messaging blitz ahead of Obamacare hikes

October 31, 2025
Trump’s Baffling Call for Resuming U.S. Nuclear Tests
Tech and Science

Trump’s Baffling Call for Resuming U.S. Nuclear Tests

October 31, 2025
Heritage president backs Tucker Carlson after interview with Holocaust-denier Nick Fuentes
Politics

Heritage president backs Tucker Carlson after interview with Holocaust-denier Nick Fuentes

October 30, 2025
Trump turns up the pressure on Indiana Republicans to redistrict
Politics

Trump turns up the pressure on Indiana Republicans to redistrict

October 30, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?