The total amount of U.S. national debt exceeds $37 trillion for the first time

ChainCatcher news, according to the latest data released by the U.S. Department of the Treasury, the total U.S. national debt has exceeded $37 trillion for the first time as the federal government continues to accumulate debt at a record pace. As of that afternoon, the total U.S. national debt had reached $37,004,817,625,842.

Maya MacGuineas, chair of the Committee for a Responsible Federal Budget, stated that the U.S. fiscal situation is severely out of balance, yet Congress continues to worsen the situation. (Jin Shi)