Plus, sticky inflation and a coffee rally.
The United States did it! Nearly three months after topping $35 trillion, the national debt crossed the $36 trillion milestone. Perhaps it’s time to pop open a bit of bubbly, dance the Charleston, and run with elephants and donkeys like a scene out of Spain. Based on the forecasts from the Treasury Department, Uncle Sam could add another $1 trillion by early spring. Get in, future generations. It is time to swim in IOUs.
Got $36 Trillion?
According to the Treasury’s Debt to the Penny dashboard, Washington surpassed the $36 trillion mark on Nov. 21 for the first time on record. To be exact, the national debt reached $36,034,994,586,981.9, up from $35,973,905,978,114.70 on Nov. 20. This means the national debt has surged more than $2 trillion since Jan. 2. It took America 200 years…
