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How rising national debt can affect your finances

personal finance :: 13hrs ago :: source - yahoo finance

By Elizabeth Djinis

How rising national debt can affect your finances. d3sign via Getty Images

On July 4, President Trump signed his “big, beautiful” domestic policy bill, enacting a new wave of tax cuts estimated to add $3 trillion to $4 trillion to the national debt.

While the national debt may be hard to conceptualize, economists say its explosive growth has the potential to have major impacts on the economy that will be felt even by individuals.

Story continues through Yahoo Finance


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