The US National Debt Just Hit a Grim New Milestone
The U.S. national debt reached $33 trillion for the first time on Monday, according to data published by the Treasury Department. The Treasury Department noted the national debt hit $33.04 trillion on Monday afternoon…
The U.S. National Debt reached $33 trillion for the first time on Monday, according to data published by the Treasury Department.
The Treasury Department noted the National Debt hit $33.04 trillion on Monday afternoon, several months after the U.S. hit the debt ceiling in June, and Congress passed a bill suspending the ceiling until 2025. Lawmakers are currently attempting to prevent a government shutdown at the end of September as the National Debt continues to rise.
“The United States has hit a new milestone that no one will be proud of: our gross National Debt just surpassed $33 trillion,” Maya MacGuineas, the president of the Committee for a Responsible Federal Budget, told Fox Business. “Debt held by the public, meanwhile, recently surpassed $26 trillion. We are becoming numb to these huge numbers, but it doesn’t make them any less dangerous.”