The US national debt has topped $31 trillion for the first time in history, according to US Treasury estimates, establishing a record high.
As on October 3, the country owes $31 trillion, 123 billion, 887 million, 781,401, and 34 cents. Over $24 trillion worth of the debt is held by individuals, and the US owes foreign governments over $7 trillion.
The fact that debt servicing is becoming a more expensive undertaking in the face of rising costs is causing alarm in the media.
The national debt ceiling was raised by $2. 5 trillion, or $31. 4 trillion, by a measure that was signed by US President Joe Biden in the middle of December.
Jen Psaki, a spokeswoman for the White House, observed that this choice is not unusual. She claims that in US history, this has occurred more than 80 times.
News Agency RIA Novosti.
The US federal debt has reached a record high of $31 trillion.
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