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The national debt clock is seen in midtown Manhattan, Thursday, May 25, 2023. According to a report from the Committee for a Responsible Federal Budget, the expenditure on interest payments reached a staggering $514 billion during the first seven months of fiscal 2024 as the national debt approaches $34.8 trillion. (AP Photo/Mary Altaffer)

The national debt clock is seen in midtown Manhattan, Thursday, May 25, 2023. According to a report from the Committee for a Responsible Federal Budget, the expenditure on interest payments reached a staggering $514 billion during the first seven months of fiscal 2024 as the national debt approaches $34.8 trillion. (AP Photo/Mary Altaffer)

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