The total U.S. national debt has surpassed $31 trillion for the first time in U.S. history, up from $27.7 trillion when President Joe Biden took office.
The Democratic-led House and Republican-led Senate passed two pandemic stimulus packages in 2020 under former President Trump, which drove the nation's deficit and debt to record levels.
The Democratic-led Congress passed Biden's $1.9 trillion COVID-19 stimulus package shortly after taking office. He signed the bill in March 2021. Biden has also signed a $2 trillion infrastructure bill into law as well as a $280 billion CHIPS bill. He recently signed the $740 billion Inflation Reduction Act.
The debt surpassed the $31 trillion mark late Tuesday.