US National Debt Hits $37 Trillion, Raising Economic Concerns

The United States now owes more than $37 trillion.

This happened because the government has been spending more money than it takes in, especially during the pandemic and due to tax cuts.

This means borrowing more money, and as a result, interest rates for things like mortgages might go up.

Experts are worried about the long-term effects, like making goods and services more expensive, and are urging lawmakers to fix this.