According to information released by the US Treasury Department, the US national debt reached 33 trillion dollars for the first time. gives information about this TASS.
On the official website of the Ministry of Finance, it is stated that the total public debt is 33.04 trillion dollars as of September 18. This is a new record for the American national debt, which surpassed $32 trillion on June 16.
In January, the legal debt ceiling of the USA was exceeded and reached 31.4 trillion dollars. As a result, the country’s Ministry of Finance had to take urgent measures to maintain financial operations. In recent months, the US administration has called on Congress to increase the debt limit. Republicans, who control the House of Representatives, agreed to raise the debt ceiling, subject to significant budget cuts.
US President Joe Biden signed a bill to increase the national debt ceiling approved by Congress on June 3. The new limit will be reached by January 2, 2025. According to the president, this initiative prevented the economic crisis and collapse of the United States. The agreement was approved by the Senate on June 1 and the House of Representatives on May 31. The agreement would provide $886 billion for defense, $121 billion for veterans’ health care and $637 billion for other non-defense programs in fiscal year 2024 (beginning Oct. 1).
previously economist warned Kiev about risks associated with the growth of foreign debt.