🇺🇸💸 US national debt reaches 123% of GDP, its highest level since the 2020 pandemic, according to The Kobeissi Letter. US national debt rose by $422 billion in October to a record $40.6 trillion. The Treasury sold a record $839 billion in bills and bonds last week. Most of the proceeds went toward paying off maturing Treasury bills. America is borrowing again to repay its debts. #info #USA #economy
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