US Debt Exceeds $33 Trillion, Grows by $1 Trillion in Three Months

Soaring debt levels can harm the American economy by dampening public and business investments.
US Debt Exceeds $33 Trillion, Grows by $1 Trillion in Three Months
President Joe Biden addresses world leaders during the United Nations (UN) General Assembly in New York City, on Sept. 19, 2023. Spencer Platt/Getty Images
Naveen Athrappully
Updated:
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The total national debt of the United States surpassed $33 trillion for the first time in history, with criticism mounting against the Biden administration for its “reckless spending” policies.

Total U.S. debt was $33.04 trillion on Sept. 15, according to data from the U.S. Treasury Department. This is a rapid buildup given that on June 15, total U.S. debt was at $32.04 trillion—indicating that debt rose by $1 trillion in a span of just three months. While the gross national debt exceeded $33 trillion, “debt held by the public, meanwhile, recently surpassed $26 trillion,” Maya MacGuineas, president of government watchdog Committee for a Responsible Federal Budget (CRFB), said in a Sept. 18 statement. “We are becoming numb to these huge numbers, but it doesn’t make them any less dangerous.”

Naveen Athrappully
Naveen Athrappully
Author
Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.
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