US debt hits $34 trillion for first time
Economy
In 2023, the amount of debt increased by more than $4 trillion.
The public debt of the United States of America has exceeded $34 trillion. This is evidenced by the data on the site of fiscal information of the US Department of the Treasury.
As of 02:30 Tashkent time, the value of the indicator is $34.001 trillion. In 2023, it has grown to more than $4 trillion.
In January 2023, the U.S. government debt ceiling was raised to $31.4 trillion. After that, the country's Finance Ministry was forced to apply emergency measures to resume financial operations. In recent months, the US administration has urged Congress to raise the debt ceiling. Republicans, who control the House of Representatives, agreed to raise the debt ceiling, but on the condition of significant budget cuts.
On 3 June, US President Joe Biden signed a bill to increase the national debt ceiling, which had previously been approved by Congress.
As of 02:30 Tashkent time, the value of the indicator is $34.001 trillion. In 2023, it has grown to more than $4 trillion.
In January 2023, the U.S. government debt ceiling was raised to $31.4 trillion. After that, the country's Finance Ministry was forced to apply emergency measures to resume financial operations. In recent months, the US administration has urged Congress to raise the debt ceiling. Republicans, who control the House of Representatives, agreed to raise the debt ceiling, but on the condition of significant budget cuts.
On 3 June, US President Joe Biden signed a bill to increase the national debt ceiling, which had previously been approved by Congress.
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