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The total amount of U.S. government debt has exceeded 37 trillion dollars for the first time.
[The total amount of U.S. national debt exceeds 37 trillion dollars for the first time] On August 12 local time, due to the U.S. federal government continuing to accumulate debt at a record pace, the total amount of U.S. national debt has exceeded 37 trillion dollars for the first time. The latest data released by the U.S. Treasury shows that as of that afternoon, the total amount of U.S. national debt has reached 37004817625842 dollars. Maya MacGuineas, chair of the Committee for a Responsible Federal Budget, stated that the U.S. financial situation is severely out of balance, yet Congress continues to worsen the situation.