US debt exceeds $33 trillion for the first time

According to data from the United States Department of the Treasury, the country’s debt reached $33.04 trillion.

At a time when the US Congress is trying to avoid a government shutdown by passing a new interim budget at the end of September, when fiscal year 2023 will end, the country’s debt has risen to historic levels.

Michael Peterson, executive director of the Peter G. Peterson Foundation, which works to address America’s long-term financial challenges, said in his statement that the U.S. national debt continues to rise by trillions of dollars as lawmakers They are dragged from a short situation. -term of financial crisis to another.

Stating that the $32 trillion debt limit was exceeded after the country’s debt limit “showdown” in June, Peterson said he wanted policymakers to focus on the debt itself, which is the main problem, in place of partisan fights that do not solve real financial problems. American problems.

The US reached the debt limit of $31.4 trillion on January 19, and the US Treasury began taking extraordinary measures to avoid exceeding the limit and prevent a possible default.

After long negotiations on the debt limit, an agreement was reached in Congress and US President Joe Biden signed the bill in June that will prevent the country from defaulting by increasing the debt limit. (AA)