The U.S. is expected a hit the ceiling on Thursday, forcing the Treasury Department to start using 'extraordinary measures' so the government can keep paying bills while negotiates to try and avoid an economic meltdown.American debt is now at an eye-watering $31.38 trillion - that's 120 percent of GDP, up from 39.2 percent as recently as 2008 and 77.6 percent in 2018.The staggering figure is the highest since the Second World War, equals $246,876 in federal debt per taxpayer and is more than the economies of , Japan, and the United Kingdom combined.
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