The U.S. federal government's total public debt had surpassed 37 trillion U.S. dollars for the first time as of Tuesday afternoon, according to the latest data released by the Treasury Department on Tuesday.
The latest Treasury Department data showed that the gross national debt had hit 37,004,817,625,842.56 U.S. dollars as of Tuesday afternoon.
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US national debt surpasses 37 trillion USD: Treasury Department
US national debt surpasses 37 trillion USD: Treasury Department
US national debt surpasses 37 trillion USD: Treasury Department
US national debt surpasses 37 trillion USD: Treasury Department
Maya MacGuineas, president of the Committee for a Responsible Federal Budget, said that the U.S. fiscal situation is severely imbalanced. To make matters worse, this year alone, one trillion U.S. dollars has been spent on interest costs, which have now become the second-largest expenditure in the federal budget, surpassing those for defense budget and health insurance.
MacGuineas stressed that the federal government has not taken steps to address the issue, allowing the situation to worsen.
US national debt surpasses 37 trillion USD: Treasury Department
US national debt surpasses 37 trillion USD: Treasury Department
US national debt surpasses 37 trillion USD: Treasury Department
US national debt surpasses 37 trillion USD: Treasury Department
