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US National Debt Exceeds $37 Trillion for the First Time
Summary: According to reports from sources, on August 12th local time, the US national debt has exceeded $37 trillion for the first time due to the federal government continuing to accumulate debt at a record pace. The latest data released by the US Treasury Department shows that as of that afternoon, the total US national debt ...
According to reports from sources, on August 12th local time, the US national debt has exceeded $37 trillion for the first time due to the federal government continuing to accumulate debt at a record pace. The latest data released by the US Treasury Department shows that as of that afternoon, the total US national debt has reached $37,004,817,625,842. Maya MacGuineas, Chair of the US Federal Budget Accountability Committee, stated that the US fiscal situation is severely imbalanced, yet Congress continues to worsen the situation.
