For the first time in its history, America’s debt exceeds $ 31 trillion

The national debt of the United States exceeded $31 trillion for the first time in history. The Treasury Department’s data, issued on Tuesday, showed that the total national debt amounted to 31.123 trillion dollars. Uncle Sam’s debt has reached this record level even though federal government spending has slowed, largely due to gluttony as the COVID-19 pandemic fades. And in the months following the outbreak, the national debt rose by $1 trillion in just one month — not just once but twice in 2020. As a result, the federal government spent $3.1 trillion more than it received in 2020.