U.S. national debt hits $33 trillion for the first time

2023-09-19 17:18:17  • 2 mins

Key Points

  • The national debt of the United States reached a historic milestone by passing $33 trillion for the first time, the Treasury Department said.
  • The level was reached less than two weeks before the federal government faces a potential shutdown over a lack of funding authorization.
  • The issue of the debt is at the center of a standstill in Congress over a spending bill that would sustain the government until the next funding cycle.

The US Treasury Department building is seen in Washington, DC, January 19, 2023.

Saul Loeb | Afp | Getty Images

WASHINGTON The national debt of the United States reached a historic milestone by passing $33 trillion for the first time less than two weeks before the federal government faces a potential shutdown over a lack of funding authorization

The debt, which equals the amount of money borrowed by the federal government to cover operating expenses, hit $33.04 trillion on Monday, according to the Treasury Department.

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