The total amount of US Treasury debt has surpassed $37 trillion for the first time.

BlockBeats News, August 13th. On August 12th local time, as the US federal government continues to accumulate debt at a record pace, the total US national debt has exceeded $37 trillion for the first time. The latest data released by the US Treasury Department shows that as of that afternoon, the total US national debt has reached $37,004,817,625,842. Maya MacGuineas, President of the Committee for a Responsible Federal Budget, commented that the US fiscal situation is severely unbalanced, yet Congress continues to let the situation deteriorate. (Golden Finance)