From Fortune:

The federal government’s gross national debt has surged past $34 trillion, foreshadowing potential political and economic challenges to improve America’s balance sheet. The U.S. Treasury revealed that the pandemic caused the debt to grow faster than expected, reaching this level several years earlier than predicted. The impact of the rising national debt could be severe on programs like Social Security and Medicare. What is particularly worrying is that both Democrats and Republicans have conflicting strategies to help reduce the national debt.



Read more: National debt reaches a new record of $34 trillion—or about $100,000 for every person in the U.S.