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U.S. national debt tops $37 trillion

— Congress has spent more money than it has collected for the last two decades, allowing the U.S. debt to top $37 trillion for the first time.

Experts expected the U.S. to pass the $37 trillion mark months ago. The Treasury Department marked the milestone in a routine report.

Michael Peterson, CEO of the Peter G. Peterson Foundation, said federal spending remains unsustainable.

'Our national debt is …

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