The Treasury Department on Tuesday confirmed that the United States has exceeded $37 trillion in debt, just months after it surpassed $36 trillion.
The new report found that the U.S. exceeded the benchmark years before it was projected to, prior to the COVID-19 pandemic. Before the pandemic in 2020, the country expected to surpass $37 trillion in debt sometime after 2030, the Associated Press reported.
The benchmark comes after the U.S. passed the $36 trillion debt threshold in November. It also confirms reports last month that the debt surpassed $37 trillion based on the U.S. Debt clock.
The United States also reached $34 trillion in debt in January 2024 and $35 trillion in July 2024.
Click this link for the original source of this article.
Author: Faith Novak
This content is courtesy of, and owned and copyrighted by, https://www.offthepress.com and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact USSANews.com using the email address in the Contact page found in the website menu.
