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US federal debt soars past $33 trillion

chinadaily.com.cn | Updated: 2023-09-20 09:18

The latest information on the US Department of the Treasury website reveals that the United States federal government's debt has exceeded $33 trillion, with a rapidly increasing trend. If Congress fails to pass necessary spending bills by Sept 30, the government will again face the risk of a shutdown, which will have significant implications for various aspects of US politics, the economy and society.

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