TechFlow, August 9 — According to The Kobeissi Letter, the total U.S. national debt officially surpassed $37 trillion for the first time in history today. Since July 4, when Trump signed the "Beautiful Big Act" and raised the debt ceiling, the U.S. national debt has increased by another $780 billion—equivalent to an average daily increase of $22 billion.
Last week alone, the U.S. government issued $724 billion in Treasury securities through 10 selling operations, making the U.S. debt crisis more severe than ever before.
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