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US hits US$38 trillion in debt, after fastest ex-pandemic US$1 trillion accumulation
In the midst of a federal government shutdown, the US government’s gross national debt surpassed US$38 trillion (HK$296.4 trillion) Wednesday, a record number that highlights the accelerating accumulation of debt on America’s balance sheet. It's also the fastest accumulation of a trillion dollars in debt outside of the COVID-19 pandemic — the US hit US$37 trillion in gross national debt in August this year. [...]