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The US national debt for the first time exceeded 30 trillion dollars

The US public debt has reached a record high - it exceeded $30 trillion for the first time. It is reported by RIA Novosti, referring to the data of the US Treasury.

According to financial experts, this figure was reached several years earlier than expected by the country's authorities. As the New York Times notes, this was the result of investments by the federal government in the fight against the coronavirus pandemic, including $ 5 trillion in unemployment benefits, support for small businesses and stimulus payments.

Recall that in December last year, the ceiling of the US national debt increased by another 2.5 trillion dollars - the corresponding law was signed by resident Joe Biden. The document made it possible to increase the debt limit to $31.4 trillion. During the presidency of Donald Trump, the US national debt has grown by more than seven trillion.

The US national debt for the first time exceeded 30 trillion dollars