US national debt hits $33T for first time in history

Posted on AllSides September 18th, 2023
From The Right
AP Photo/Patrick Semansky, File

The U.S. national debt topped $33 trillion for the first time ever on Monday, crossing a critical milestone at a time when government spending is already under scrutiny.

The national debt – which measures what the U.S. owes its creditors — hit $33.04 trillion as of Monday afternoon, according to new data published by the Treasury Department. By comparison, just four decades ago, the national debt hovered around $907 billion.

"The United States has hit a new milestone that no one will be proud of: our gross national debt just...

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