How US national debt grew to its $31.4 trillion high
The debt ceiling fight in Washington is drawing attention to the $31.4 trillion debt already accrued by the United States government A ticking clock in Washington to avert default by raising the nation's borrowing limit is drawing attention to the $31.4 trillion debt already accrued by the United States government. The country hit its current debt ceiling in mid-January and is expected to run out of cash to be able to pay all its bills as soon as June 1, Treasury Secretary Janet Yellen has warned Congress, while cautioning that the exact "X-date" for default remains fluid. MORE: Biden says he's 'confident' US will avert default President Joe Biden hosts debt limit talks with House Speaker Kevin McCarthy and other Congressional leaders in the Oval Office at the White House in Washington, May 9, 2023. Kevin Lamarque/Reuters, FILE As President Joe Biden and leading lawmakers including House Speaker Kevin McCarthy work to hammer out a deal, here's what to...