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A New Record: Nation’s Debt Surpasses $34 Trillion

Rep. Thomas Massie, R-Ky., a member of the conservative House Freedom Caucus, wearing a digital pin simulating the increasing U.S. National Debt, attends a House Rules Committee meeting to prepare the debt limit bill, The Fiscal Responsibility Act of 2023, for a vote on the floor, at the Capitol in Washington, Tuesday, May 30, 2023. (AP Photo/Jacquelyn Martin)

The nation’s debt has surpassed $34 trillion, according to figures from the U.S. Department of the Treasury.

The nation’s growing debt has become a source of concern for some politicians as the cost to service that debt takes up a larger portion of the federal budget.

The gross national debt topped $34 trillion on Friday, after hitting $33 trillion in September, the U.S. Treasury confirmed on Tuesday.

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