New York Times report warns of rising debt, says it is a 'political problem' for Biden

An article Tuesday in The New York Times reported on the 'political problem' the record $31 trillion national debt represents for President Joe Biden.

published an article Tuesday warning that the rising national debt, which just surpassed a historic $31 trillion, poses"a political problem" for President Biden and an economic problem for the United States as a whole.

Americans in San Francisco and New York graded President Biden's performance in handling the economy. "Higher rates could add an additional $1 trillion to what the federal government spends on interest payments this decade, according to Peterson Foundation estimates," the reporters wrote, noting"its borrowing costs rise and fall along with interest rates."

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