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