US debt tops $34T for first time

The U.S. national debt has surpassed $34 trillion for the first time, marking a significant milestone amidst heightened scrutiny over government spending.

The Treasury Department’s latest data reveals that the national debt, representing the amount owed by the U.S. to its creditors, reached $34 trillion by Friday afternoon.

In contrast, just four decades ago, the national debt was approximately $907 billion.

This unprecedented debt level coincides with urgent Congressional efforts to finalize crucial funding bills to avert a government shutdown, Fox Business reported.

READ MORE: https://www.foxbusiness.com/politics/us-national-debt-tops-34t-first-time-history

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