{"id":2037582,"date":"2023-09-19T15:59:02","date_gmt":"2023-09-19T19:59:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-national-debt-tops-33-trillion-for-first-time-in-history\/"},"modified":"2023-09-19T16:02:10","modified_gmt":"2023-09-19T20:02:10","slug":"u-s-national-debt-tops-33-trillion-for-first-time-in-history","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-national-debt-tops-33-trillion-for-first-time-in-history\/","title":{"rendered":"U.S. national debt exceeds $33 trillion, a historic milestone."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fu-s-national-debt-tops-33-trillion-for-first-time-in-history%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2037582&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Pedestrians walk past the New\u2062 York \u200cStock Exchange\u200c July 16, 2002 in New York City.  (Photo by Spencer Platt\/Getty Images)<\/figcaption><\/figure>\n<h2>OAN\u2019s <a href=\"https:\/\/www.oann.com\/tag\/taylor-tinsley\">Taylor Tinsley<\/a><br \/>12:58 PM PT \u2013 Tuesday, September 19, 2023<\/h2>\n<p>On Monday, the U.S national debt reached a historic milestone, hitting $33.04 trillion for the first time ever.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>According to the Treasury Department, the federal government allocated \u200d23% of its budget to Social Security, 15% to health, and 13% to \u200dNational Defense, Medicare, and Income Security in Fiscal Year 2023.<\/p>\n<p>Breaking it down\u200b by agency, the top five spenders are the\u200d Department of\u200b Health\u2064 and Human Services, \u2062the Social Security Administration,\u2063 Department\u200c of Treasury, Department\u200b of Defense \u2013 Military Programs, \u2063and \u200bthe Department of Veteran Affairs. <\/p>\n<p>For comparison, just four decades ago, the national debt \u2062stood at $907 billion, while in Fiscal Year 2022, the federal government spent $6.27 trillion.<\/p>\n<p>The<a href=\"https:\/\/fiscaldata.treasury.gov\/americas-finance-guide\/national-debt\/#:~:text=The%20National%20Debt%20Explained\" data-type=\"link\" data-id=\"https:\/\/fiscaldata.treasury.gov\/americas-finance-guide\/national-debt\/#:~:text=The%20National%20Debt%20Explained\"> national debt <\/a>represents the amount\u200c of money the \u200cU.S. has borrowed \u2063from its creditors. <\/p>\n<p>These \u200bhistoric numbers come at a critical time as congressional lawmakers are working \u2063to prevent a government shutdown.<\/p>\n<p>The original deadline for a shutdown\u2062 is set for September 30<sup>th<\/sup>, but the House Freedom\u2064 Caucus reached an agreement\u2064 for a short-term stopgap over the weekend that\u200b would extend the shutdown deadline to the end of October.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>When speaking to reporters on Tuesday, Speaker of the House Kevin McCarthy (R-Calif.) said, &#8220;I don\u2019t think anybody \u200cwins a shutdown. Think for one \u200cmoment what \u200ca shutdown does. It stops paying\u200d our troops. How do you have more leverage in that situation?&#8221;\u200b The House Speaker went on to say, &#8220;Look,\u200b I don\u2019t know who gets punished in this. I do know \u2062that the American public wants to have their\u200b border secure. I do know they want to end the runaway spending because it\u2019s hardworking taxpayers&#8217; money that you\u2019re \u200dtaking.&#8221;<\/p>\n<\/blockquote>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote data-service=\"twitter\" data-category=\"marketing\" data-placeholder-image=\"https:\/\/c3.oann.com\/wp-content\/plugins\/complianz-gdpr\/assets\/images\/placeholders\/twitter-minimal.jpg\" class=\"cmplz-placeholder-element twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Republicans are for securing our border \u2063and cutting wasteful spending.<\/p>\n<p>Democracy may look messy, but this is \u2063a fight worth having. <a href=\"https:\/\/t.co\/UMIcAcWInQ\">pic.twitter.com\/UMIcAcWInQ<\/a><\/p>\n<p>\u2014 Kevin McCarthy (@SpeakerMcCarthy) <a href=\"https:\/\/twitter.com\/SpeakerMcCarthy\/status\/1703883364585865440?ref_src=twsrc%5Etfw\">September 18, 2023<\/a><\/p><\/blockquote>\n<p><script type=\"text\/plain\" data-service=\"twitter\" data-category=\"marketing\" async data-cmplz-src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script> <\/div>\n<\/figure>\n<p>Republicans are pushing to reinstate Trump-era initiatives to increase border spending and reduce Ukraine aid funding. However, reaching a \u2062compromise with Democrats, who are unwilling to agree \u200con spending cuts, seems unlikely.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote data-service=\"twitter\" data-category=\"marketing\" data-placeholder-image=\"https:\/\/c3.oann.com\/wp-content\/plugins\/complianz-gdpr\/assets\/images\/placeholders\/twitter-minimal.jpg\" class=\"cmplz-placeholder-element twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Joe Biden is \u200bdemanding $24 billion MORE for Ukraine but just came out and said he will veto the\u200c Defense\u200d bill because it\u2064 gives a pay raise to \u200cjunior troops (E1-E6) from $22K per year to $31K. <\/p>\n<p>Joe Biden even\u200c hates his own\u2064 troops.<\/p>\n<p>\u2014 Rep.\u2063 Marjorie Taylor Greene\ud83c\uddfa\ud83c\uddf8 (@RepMTG) <a href=\"https:\/\/twitter.com\/RepMTG\/status\/1704194261221060916?ref_src=twsrc%5Etfw\">September 19, 2023<\/a><\/p><\/blockquote>\n<p><script type=\"text\/plain\" data-service=\"twitter\" data-category=\"marketing\" async data-cmplz-src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script> <\/div>\n<\/figure>\n<p>During a press conference with the\u200d House\u200d Budget Committee on Tuesday, Representative Ralph Norman (R-S.C.) stated that Democrats&#8217; solution is higher taxes.\u200c He emphasized that the only way to \u2063&#8221;reverse the curse&#8221; is through\u2062 implementing cuts.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>Norman, who \u2064recently attended a \u2062House\u2064 Rules Committee hearing, said, &#8220;Not one time\u2062 was there mention of a cut&#8230; the only\u2064 thing this administration has given \u200bus is a treasure\u2062 of things to cut.&#8221;<\/p>\n<\/blockquote>\n<blockquote class=\"wp-block-quote\">\n<p>The White House was quick to blame Republicans for the rise in debt. In a statement to Fox Business, assistant press secretary Michael Kikukawa said, &#8220;The increase in debt over the last 20 years was overwhelmingly driven by the trillions spent on Republican tax cuts skewed to the\u200b wealthy and big corporations. Congressional Republicans want to double down on \u2064trickle-down\u2062 by extending President Trump\u2019s tax cuts and \u200drepealing President Biden\u2019s\u2062 corporate tax reforms.&#8221;<\/p>\n<\/blockquote>\n<p>Meanwhile, House Republicans\u200c are facing challenges in reaching an agreement on \u2063the short-term spending plan.\u200c More than a dozen Representatives, including Matt Gaetz (R-Fla.), Cory Mills (R-Fla.), \u2064Marjorie Taylor Greene\u200b (R-Ga.),\u2064 and Matt Rosendale (R-Mont.), have voiced their opposition \u200cto the stopgap bill.<\/p>\n<p>Speaker McCarthy can only afford to \u200blose four GOP votes if all Democrats oppose.<\/p>\n<p>Stay \u2062informed! Subscribe here to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/55-beached-pilot-whales-dead-in-scotland\/\" title=\"55 pilot whales found dead on Scottish beach.\">receive breaking news blasts\u200b directly<\/a> to your inbox for free. <a rel=\"noreferrer noopener\" href=\"https:\/\/www.oann.com\/alerts\" target=\"_blank\">https:\/\/www.oann.com\/alerts<\/a><a rel=\"noreferrer noopener\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https%3A%2F%2Fwww.oann.com%2Fnewsroom%2F2-models-found-dead-in-downtown-la-apartments%2F&#038;t=2%20Models%20Found%20Dead%20In%20Downtown%20LA%20Apartments\" target=\"_blank\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>With Attorney General Merrick\u200c Garland set to appear before the House Judiciary Committee, One America\u2019s John Hines \u200ccaught up with Chairman Jim Jordan to see what he hopes to hear from the\u200d Biden AG. Take \u2064a look.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Chairman of the House Oversight Committee, representative James Comer tells One\u2062 America News that there may be some irony\u2062 to the lawsuit brought by \u200bHunter Biden against the IRS and two \u200cwhistleblowers. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>A\u200b Democrat judge blocks\u200b a $15,000 donation to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/patriots-fan-dies-at-game-after-being-punched-by-dolphins-fan\/\" title=\"Patriots fan fatally punched by Dolphins supporter at game.\">border town law enforcement<\/a>, \u200bcalling it political.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Tom \u2063Maoli<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>LONDON (Reuters) -The European Commission launched an investigation on Wednesday into whether to\u200b impose punitive tariffs to \u200bprotect European Union automakers against\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By John Revill ZURICH (Reuters)\u200b \u2013 ABB is spending $280 million on a new robotics \u2064factory in Sweden, the Swiss engineering \u2064and\u2026\u2063 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>PARIS (Reuters) \u2013\u2064 French Europe Minister Laurence Boon on Wednesday welcomed an anti-subsidy investigation \u2064into Chinese \u200celectric vehicles launched\u200b by the EU\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By\u2062 Mathieu Rosemain and \u2064Silvia Aloisi PARIS (Reuters) \u2013 Apple said on Wednesday \u2063its iPhone \u206212\u200b model was certified by multiple\u2062 international\u2026 <\/p>\n<\/p><\/div>\n<p> rnrn  <\/p>\n<h2> What are the top five agencies that account\u2064 for\u2064 the majority\u200d of government spending, and what \u2063roles do\u2063 these agencies play in ensuring the well-being \u200band\u200c security of the American people<\/h2>\n<p><span>  The U.S national debt\u200d reached \u200da historic milestone on Monday,\u2062 surpassing \u200b$33.04 \u2062trillion for the\u200b first \u200ctime ever. This staggering figure highlights the\u200b immense financial burden and challenges facing \u2064the \u200cnation.<\/p>\n<p>According \u200dto the\u200b Treasury Department, the federal government allocated\u200c 23% \u200dof its budget to Social Security, 15% to health, and \u206413% to National Defense, Medicare, and\u200c Income Security in Fiscal Year 2023. This breakdown demonstrates the significant amount of funds \u2063being directed towards these \u2063crucial\u200c areas.<\/p>\n<p>When \u200dexamined\u2062 by agency, the top five spenders are the Department of Health \u2062and Human \u200cServices, the Social Security Administration, the Department \u2063of Treasury, the\u2062 Department of Defense\u200d \u2013 Military Programs, \u200band the\u2062 Department of Veteran Affairs. These agencies play vital roles in ensuring\u2064 the\u2063 well-being and security\u2062 of\u200d the American\u200c people.<\/p>\n<p>It is important to put these numbers into context. Merely \u2063four decades ago, the national debt stood \u2064at a comparably meager $907 billion. In\u200b Fiscal Year \u200b2022, \u2063the\u200b federal government spent a staggering $6.27 trillion, indicating the ever<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-national-debt-tops-33-trillion-for-first-time-in-history\/\" title=\"U.S. national debt exceeds  trillion, a historic milestone.\">-increasing \u200cfinancial demands faced<\/a> by the government.<\/p>\n<p>The national \u200cdebt \u200brepresents the \u200camount\u200b of money that the U.S. has borrowed \u2063from its creditors. As the debt continues to grow, it becomes imperative for policymakers\u200d to address this issue \u200dand find effective solutions to\u2062 mitigate its negative impact on the country&#8217;s economy.<\/p>\n<p>These historic numbers come \u200cat a critical \u200dtime \u200cas congressional lawmakers are working tirelessly \u2063to prevent a government shutdown. The original deadline for a shutdown is set\u200b for \u200bSeptember 30th, but the \u2063House Freedom Caucus \u2064has reached \u200ban agreement for\u200c a short-term\u200d stopgap that would extend the deadline to the end of October.<\/p>\n<p>Speaking to reporters on Tuesday, Speaker \u200cof \u2063the House Kevin McCarthy\u200d emphasized the detrimental consequences of a shutdown,\u2062 stating that\u200b it would stop \u2063paying the troops and\u200b undermine the\u200d country&#8217;s leverage\u2062 in negotiations. He also emphasized \u2063the American\u200b public&#8217;s desire for secure borders and an end to excessive spending, as <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/house-republican-eyes-appropriations-process-to-defund-trump-prosecutions\/\" title=\"House Republican seeks to defund Trump prosecutions through appropriations process.\">taxpayers&#8217; \u200chard-earned money<\/a> is at stake.<\/p>\n<p>The U.S. national debt \u200cis a \u2064pressing issue that requires immediate \u2062attention \u2062and strategic planning\u200d from \u2063policymakers. As politicians work towards finding a resolution to prevent a government shutdown, it\u2062 is\u2062 crucial to prioritize fiscal \u200bresponsibility \u200band ensure\u2064 the\u200c long-term financial \u2064stability of the nation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On September 19, 2023, the U.S national debt reached a historic high of $33.04 trillion. The Treasury Department reported that the federal government has incurred this expenditure.<\/p>\n","protected":false},"author":1209,"featured_media":2037583,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2037582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2037582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1209"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2037582"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2037582\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2037583"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2037582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2037582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2037582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}