Menace

TITILE:Menace

The idea of the work

The U.S. national debt will exceed $34 trillion several years earlier than previously predicted. The U.S. Congressional Budget Office’s January 2020 forecast showed that the total federal debt will exceed $34 trillion in fiscal year 2029.
But as the coronavirus pandemic shut down much of the U.S. economy, debt grew faster than expected. Under former President Trump and current President Joe Biden, the U.S. government borrowed heavily. But the economic rebound has been accompanied by a surge in inflation, pushing up interest rates and making it more expensive for the government to service its debt.

Author:Catherine

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