The U.S. national debt exceeded $33 trillion on Monday for the first time ever, setting off alarm bells over unprecedented levels of government spending.
ESGI Financial President and CIO Ed Siddell discusses the nation's consumer debt predicament and analyzes the gold trade on 'Varney & Co.'
The U.S. national debt topped $33 trillion for the first time ever on Monday, crossing a critical milestone at a time when government spending is already under scrutiny. The national debt – which measures what the U.S. owes its creditors — hit $33.04 trillion as of Monday afternoon, according to the latest numbers published by the Treasury Department. By comparison, just four decades ago, the"The United States has hit a new milestone that no one will be proud of: our gross national debt just surpassed $33 trillion," said Maya MacGuineas, the president of the Committee for a Responsible Federal Budget.
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