Wednesday, February 02, 2022 00:49:58 UTC

With government expenditure and borrowing continuing to rise, the latest Treasury Department data shows the United States national debt has reached $30 trillion.

The new record is for the entire outstanding debt of the federal government, which includes $23.487 trillion in public debt and an additional $6.525 trillion in intra-government debt, such as federal trust funds and other account.

A $5 trillion borrowing spree for pandemic relief was well underway before the coronavirus spurred an increase in Congress' spending at a regular pace.(More)

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