ESGI Financial President and CIO Ed Siddell discusses the nation’s consumer debt predicament and analyzes the gold trade on ‘Varney & Co.’
The U.S. national debt topped $34 trillion for the first time ever, crossing a critical milestone at a time when government spending is already under scrutiny.
The national debt – which measures what the U.S. owes its creditors — hit $34 trillion as of Friday afternoon, according to new data published by the Treasury Department. By comparison, just four decades ago, the national debt hovered around $907 billion.
“We are beginning a new year, but our national debt remains on the same damaging and unsustainable path,” said Michael Peterson, CEO of the Peter G. Peterson Foundation, which advocates for fiscal sustainability.
US NATIONAL DEBT TRACKER: SEE HOW MUCH THE GOVERNMENT OBLIGATIONS COST
The historic debt level comes as Congress races to finalize critical funding bills in order to…
