The total amount of US national debt exceeded 37 trillion US dollars for the first time.

On August 12th local time, as the US federal government continues to accumulate debt at a record pace, the total amount of US national debt exceeded $37 trillion for the first time. The latest data released by the US Department of the Treasury shows that as of the afternoon of that day, the total amount of US national debt had reached $37,004,817,625,842. Maya MacGuineas, chair of the US Federal Budget Accountability Committee, said that the US fiscal situation is severely imbalanced, but Congress continues to make the situation worse.