U.S. national debt reaches all-time high of 36 trillion U.S. dollars

The U.S. Treasury Department recently announced that the country's national debt has reached 36 trillion U.S. dollars, setting a new record.

This milestone comes just over three months after the debt surpassed the 35-trillion-U.S.-dollar mark in late July, highlighting the rapid pace of borrowing and government spending.

Maya MacGuineas, president of the Committee for a Responsible Federal Budget, captured the gravity of the situation in a recent speech, saying government borrowing is becoming as certain as the changing of the seasons these days.

Since June 2022, the Federal Reserve -- the central bank of the United States -- has implemented a series of rate hikes to combat high inflation. While these measures aim to stabilize the economy, the cost of servicing existing debt has been inadvertently increased. As a result, interest payments now constitute a growing share of federal expenditures, further exacerbating the debt burden.

U.S. national debt reaches all-time high of 36 trillion U.S. dollars

U.S. national debt reaches all-time high of 36 trillion U.S. dollars

The Arab League (AL) convened an emergency meeting in Cairo on Sunday, condemning Israel's threats to expand its military operations into Iraq and urging the international community to stop Israel's aggressive policies.

The AL also stressed its support for Iraq and its people.

The condemnation came after a recent call by Israeli Foreign Minister Gideon Sa'ar for actions against Iraqi militias who are allegedly attacking Israel.

In a statement, the AL condemned Israel's persistent aggression in Palestine, Lebanon, and Syria, as well as its hostile actions towards United Nations agencies.

It also denounced the United States for repeatedly wielding its veto power against the United Nations Security Council's Gaza ceasefire resolutions, calling for a reevaluation of the U.S. pro-Israel bias to prevent impeding the Security Council in fulfilling its primary responsibilities of maintaining international peace and security.

Arab League condemns Israel's threats to expand military operations, reaffirms support for Iraq