WASHINGTON, July 29 (Xinhua) -- The U.S. federal government's total public debt has surpassed 35 trillion U.S. dollars for the first time, as recorded at the end of last week, according to data released by the Treasury Department on Monday.
The total public debt outstanding climbed to 35 trillion dollars on Friday, according to the newly released Daily Treasury Statement. The data is updated at the end of each business day with data from the previous business day.
Just seven months ago, the U.S. national debt surpassed 34 trillion dollars in late December 2023. Three months before that, the United States reached a historic milestone by passing 33 trillion dollars.
"The borrowing just keeps marching along, reckless and unyielding," said Maya MacGuineas, president of the Committee for a Responsible Federal Budget, in a statement. "Yet despite all the risks and warning signs, these alarm bells seem to be falling on deaf ears."
"We are going to have to get serious about the debt, and soon. Election years cannot be an exception for trying to prevent completely foreseeable dangers -- and the debt is one of the major dangers we are facing," said MacGuineas.
