The United States national debt reached a record-breaking $40 trillion dollars this week. If you spread out that debt to every resident of the U.S., we would each owe more than $115,000 dollars. So how did we get here? To find out more about what our big bad debt means for you, we spoke with Scott Lincicome. He’s the vice president of general economics at the Cato Institute.
And in headlines, Trump-fixer-turned-frenemy Michael Cohen hosted the president on his radio show, the USS George Washington aircraft carrier is relieving the long-deployed USS Abraham Lincoln, and a Texas court slashes a $50 million judgment against Infowars founder Alex Jones to about $6 million.
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