The US national debt has surpassed a record $34 trillion, just three months after the debt first reached $33 trillion.
In the video above, Yahoo Finance Senior Columnist Rick Newman discusses risks associated with the nation’s exploding debt as a fiscal showdown looms.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor’s note: This article was written by Eyek Ntekim
Video Transcript
SEANA SMITH: Well, US debt topping over $34 trillion for the first time ever, this coming as a deadline looms for Congress to reach a deal in order to avert a government shutdown. Yahoo Finance Reporter Rick Newman is here. And Rick, when you take into account the skyrocketing national debt that we have, pretty disappointing, concerning here at this point, yet voters don’t seem to care.
RICK NEWMAN: Well, voters care in theory. Polls say that if you ask voters, is the national debt too…
