US national debt breaches record US$35 tril
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The US national debt breached US$35 trillion for the first time in history on July 29, 2024, according to data from the Treasury Department. This comes after surpassing the US$34 trillion mark in January 2024 and the US$33 trillion mark in September 2023. The national debt was around US$907 billion four decades ago. The largest budget item was Medicare/Medicaid at US$1.79 trillion.



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