‘We owe it to the next generation’ to get national debt under control, says think-tank boss, as U.S. borrowing hits $1.2 trillion in just six months

The U.S. federal debt has surged to $1.2 trillion in just six months, prompting concern from policy experts about long-term economic sustainability. The Peterson Foundation's CEO argues that unchecked borrowing poses a burden to future generations and threatens broad economic participation.