US debt exceeds 33 trillion dollars for the first time ever

The US Treasury Department revealed in a report detailing the balance sheet that the total US national debt exceeded 33 trillion dollars for the first time ever, which means that every citizen owes 97 thousand dollars. The population of the United States is about 340 million people.
According to figures from the US Treasury Department, the country’s debt has reached a historically high level amid budget discussions in Congress. The debt increased by about a trillion dollars in a 3-month period, after hitting 32 trillion dollars in June.
If current trends continue, the debt will reach 34 trillion dollars by the end of the year.
The United States reached its debt limit of 31.4 trillion dollars on January 19, and the US Treasury took extraordinary measures to avoid exceeding the limit and prevent a possible default.
After negotiations on the debt limit, an agreement was reached in Congress, and President Joe Biden signed a bill in June to increase the debt limit and prevent the country from defaulting.
The national debt is the total amount of outstanding borrowing by the U.S. Federal Government accumulated over the course of the nation’s history.
This comes at a time when Congress appeared to be faltering in its efforts to fund the government before the September 30 deadline. Unless Congress can pass dozens of appropriations bills or approve a short-term extension of federal funding at current levels, the United States will face its first government shutdown since 2019.Over the weekend, House Republicans considered a short-term proposal that would cut spending for most federal agencies and revive Trump-era strict border initiatives to extend funding until the end of October. But the plan had little hope of breaking the deadlock on Capitol Hill, where Republicans remain divided over their demands and Democrats are unlikely to support any compromise they reach among themselves.