19:45 GMT +320 November 2019
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    US Treasury Department Says National Debt Surpasses $23 Trillion

    CC BY 2.0 / Roman Boed / The US Treasury Department
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    WASHINGTON (Sputnik) - The United States' national debt has surpassed a record $23 trillion, the US Treasury Department data revealed.

    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.

    In September, the US Treasury Department stated that the federal budget deficit had grown to $984 billion in 2019 with the shortfall up to $205 billion from the $779 billion deficit a year earlier.

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