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Xinhua News Agency, Washington, July 29 (Reporter Xiong Maoling) The latest data released on the U.S. Treasury Department website on the 29th showed that the U.S. federal government debt has exceeded the 35 trillion U.S. dollar mark.

Data from the Treasury Department showed that as of July 26, the federal government debt had risen to $35.001 trillion from $34.998 trillion the previous day.

Maya McGinnis, president of the Committee for a Responsible Federal Budget, an independent research organization in the United States, said in a statement on the same day that the U.S. federal government debt reached $34 trillion at the end of last year, breaking through $33 trillion three months before that, and breaking through $32 trillion three months before that. "This borrowing behavior continues, is reckless and unrestrained."

According to the Peter Peterson Foundation, if these huge debts are distributed among the American people, each person is in debt of nearly $104,000. The foundation believes that technically, the growing debt of the US federal government is mainly caused by the aging population, rising medical costs and insufficient tax revenue.

The foundation previously warned that the U.S. fiscal situation is on an unsustainable track and if not addressed, the structural mismatch between federal government spending and revenue, as well as rising interest rates and borrowing costs, will pose challenges to the federal budget, the U.S. economy and future development.

Although the alarm bells about the out-of-control US debt have been sounded again, neither the Democratic nor the Republican parties have the motivation to cut spending and control debt. Some media have noted that the debt issue has hardly been mentioned in the current US election campaign. McGinnis warned that debt is one of the major dangers facing the United States and that the debt issue should be taken seriously and action should be taken as soon as possible. (End)