US Debt Tops $31 Trillion for First Time Ever on Biden Admin Spending Spree

President Joe Biden signs the Inflation Reduction Act as Democrat lawmakers look on at the White House in Washington on Aug. 16, 2022. Drew Angerer/Getty Images

The national debt of the United States has surpassed $31 trillion for the first time in history, according to Treasury Department data published on Oct. 4.

Data showed that the total national debt was $31.123 trillion as of Oct. 3, after passing the $30 trillion mark just nine months ago in late January.