The debt load of the U.S. is growing at a quicker clip in recent months, increasing about $1 trillion nearly every 100 days.<\/p>\n
The nation\u2019s debt permanently crossed over to $34 trillion on Jan. 4, after briefly crossing the mark on Dec. 29, according to\u00a0data<\/a>\u00a0from the U.S. Department of the Treasury. It reached $33 trillion on Sept. 15, 2023, and $32 trillion on June 15, 2023, hitting this accelerated pace. Before that, the $1 trillion move higher from $31 trillion took about eight months.<\/p>\n U.S. debt, which is the amount of money the federal government borrows to cover operating expenses, now stands at nearly $34.4 trillion, as of Wednesday. Bank of America investment strategist Michael Hartnett believes the 100-day pattern will remain intact with the move from $34 trillion to $35 trillion.<\/p>\n Read it all<\/a>.<\/p>\n US national debt is rising at a rate of $1 trillion every 100 days. That is long-term unsustainable. https:\/\/t.co\/7krjwWFfqL<\/a><\/p>\n — Anders Corr, Ph.D. (@anderscorr) March 2, 2024<\/a><\/p><\/blockquote>\n \n