US Public Debt Surges To $32.7 Trillion, Raises National Security Concerns

The U.S. Treasury's fiscal data says, the country's total public debt hit $32.659 trillion on July 27, an increase of $392.75 billion compared to last month.  PHOTO BY UNSPLASH

According to the U.S. Treasury’s fiscal data, the country’s total public debt hit $32.659 trillion on July 27, an increase of $392.75 billion compared to last month. 

The Federal Reserve Bank of St. Louis said that the surge has brought America’s quarterly interest payments on its debt to nearly $1 trillion.