Federal debt being added in trillions, with no end in sight

In the first 11 months of fiscal 2024, the U.S. borrowed $1.9 trillion, including $381 billion in August alone, according to the latest Monthly Budget Review from the Congressional Budget Office. This phenomenon has not been overlooked by Maya MacGuineas, president of the Committee for a Responsible Federal Budget, a nonpartisan educational group focused on fiscal policy.