US national debt surpasses $35 trillion for first time ever

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The U.S. national debt surpassed $35 trillion for the first time in the nation’s history on Monday as the federal government continues to accumulate debt at a record-setting pace.

New data from the Treasury Department released Monday afternoon showed that the gross national debt hit $35,001,278,179,208.67. 

The milestone comes just months after the U.S. eclipsed the $34 trillion threshold in early January 2024, while the $33 trillion mark was reached in September 2023. By comparison, the national debt hovered around $907 billion just four decades ago.

“This news is incredibly sobering – and incredibly unsurprising for anyone who has been following our fiscal trajectory,” Maya MacGuineas, president of the nonpartisan Committee for a Responsible Federal Budget, said in a…

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