The U.S. national debt recorded its third “depressing achievement” in the past 12 months, topping $34 trillion for the first time to close out 2023, according to the latest Treasury Department Debt to the Penny data.
On Dec. 29, 2023, the debt climbed about $90 billion in one day, to exceed $34.001 trillion. It took Washington roughly three months to add $1 trillion to the gross federal debt and six months to amass $2 trillion.
