According to the Congressional Budget Office, the United States government increased its national debt by $696 billion over the past four months. In January alone, the government borrowed $94 billion.
This rise in borrowing reflects ongoing fiscal activities and budgetary needs during this period.
**Why this matters**
The growth in national debt can impact economic policy, government spending, and interest rates. Monitoring changes in the debt helps inform decisions on fiscal management and long-term financial planning.
Source: NewsData