According to data released Monday the U.S. national debt climbed about $318 billion and reached to $20.162 trillion for the first time ever, Business Insider reports.
The debt has increased about $215 billion from around $19.94 trillion.
Last Friday president Donald Trump signed a bill suspending the debt ceiling and allowing the federal borrowing limit to extend until Dec. 8.
The deal allocated more than $15 billion in disaster aid for Hurricane Harvey.
“Surpassing $20 trillion in debt is the latest indicator of our nation's dire fiscal condition. As a result of our inability to address our growing debt, we are now on pace to spend $6 trillion on interest alone over the next 10 years,” president and CEO of the Peter G. Peterson Foundation Michael A. Peterson said in a statement.
According to the Treasury $14.62 trillion is held by the public, while $5,54 trillion is held by various parts of the government, also known as Intragovernmental Holdings.