According to data from the US Treasury Department, the country's debt reached 33.04 trillion dollars.
At a time when the US Congress is trying to avoid a government shutdown by passing a new temporary budget at the end of September, when the 2023 fiscal year will end, the country's debt has risen to historic levels.
Michael Peterson, Executive Director of the Peter G. Peterson Foundation, which works to address America's long-term fiscal challenges, said that the US national debt continues to rise by trillions of dollars as lawmakers drift from one short-term fiscal crisis to another.
After the debt limit "showdown" in June, the debt limit of $ 32 trillion was exceeded, Peterson said, adding that he wants policymakers to focus on the fundamental problem of the debt itself, rather than partisan fights that do not solve the real financial problems of Americans.
The US reached the $31.4 trillion debt limit on January 19, and the US Treasury began taking extraordinary measures to avoid exceeding the limit and prevent a possible default.
A first for the US national debt! It's at a record high! Who is responsible?
Related posts