US Treasury Department Says National Debt Surpasses $23 Trillion

US Treasury Department Says National Debt Surpasses $23 Trillion

The United States' national debt has surpassed a record $23 trillion, the US Treasury Department data revealed, Sputnik reports.

As of 31 October, the US national debt surpassed $23 trillion, the Treasury Department's data showed on Friday.

The Peter G. Peterson Foundation said in a separate press release that the interest paid on the US federal debt will total nearly $6 trillion over the next decade.

The United States spends $1 billion every day on paying the interest, the release pointed out.

In addition, the Peter G. Peterson Foundation calculated that the US federal debt amounts to $179,000 per household or $70,000 per person.

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