America’s national debt is at $30 trillion

Washington, Feb 02: America's national debt has crossed the $30 trillion mark, according to data published by the treasury department under the US government.

The data showed that the total public debt outstanding as of January 31 was $30 trillion nearly $7 trillion rise from the amount that the country owed to its lenders in January 2020.

This is due to increased government spending due to COVID-19. It was during this period that the government according to a CNN report borrowed close to $7 trillion from foreign investors led by China and Japan.

The gradual stockpiling of national debt since 2008 is also a reason for this grim future.