US debt exceeds $37 trillion for the first time as OBBBA allows for further increases
Last week, the federal government’s gross debt exceeded $37 trillion for the first time ever. This limit allows for an increase of trillions more since President Donald Trump recently enacted the one big beautiful bill law (OBBBA). On July 4th, Trump signed the OBBBA, which raised the debt limit by $5 trillion. This move effectively […]