US Debt Tops $34 Trillion, Sparking Economic Concerns
- US national debt hits record $34 trillion in late December
- Debt milestone reached just 3 months after exceeding $33 trillion
- Rising debt levels concerning as interest rates also climb, making borrowing more expensive
- Government spends $2 billion per day just on interest payments
- Upcoming budget deadlines in Jan/Feb, concerns debt fights could trigger government shutdown