Fox News: National Debt Surpasses $31 Trillion

Article by Peter Kasperowicz in Fox News website

The U.S. national debt has passed $31 trillion for the first time in history.

Treasury Department data released Tuesday showed that the total national debt was $31.123 trillion as of Monday.

The new milestone was reached even as the federal government's insatiable spending has slowed considerably as the COVID-19 pandemic has waned. In the months following the outbreak, the national debt rose by $1 trillion in just a month’s time — not just once but twice in 2020.

As a result, the federal government spent $3.1 trillion more than it received in 2020, and it spent $2.8 trillion more than it received the following year.

In 2022, the budget deficit ........

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