US EditionUS national debt reaches a record $37 trillion, the Treasury Department reports
The debt reached $37 trillion in early July 2025, driven by annual deficits over $2 trillion and daily borrowing averaging $22 billion since the debt ceiling was raised.
- The U.S. government's gross national debt surpassed a record $37 trillion as reported by the Treasury Department on Tuesday.
- This milestone occurred years sooner than the Congressional Budget Office's January 2020 projection due to the multi-year COVID-19 pandemic and heavy federal borrowing under Presidents Trump and Biden.
- Rising debt increases borrowing costs for mortgages and goods, reduces private investment, and pressures taxpayers, with new debt added at over twice the 25-year average rate.
- Michael Peterson noted that the national debt is increasing by one trillion dollars approximately every five months, underscoring the accelerated rate of debt accumulation.
- Experts like Maya MacGuineas urge policymakers to act quickly to address accelerating debt, while projections show continued borrowing growth due to current tax laws.
71 Articles
71 Articles
Treasury Says US Debt Now More Than $37 Trillion
The United States’ national debt has passed $37 trillion, the Treasury Department announced on Aug. 12. The news came out with the Treasury’s latest report of the nation’s daily finances, showing $37,004,818,000,000 of total outstanding public debt divided into roughly $29.6 trillion in debt held by the public and roughly $7.4 trillion in intragovernmental holdings. This new number, a record high, sits short of the current $41.1 trillion debt li…
U.S. national debt reaches a record $37 trillion, the Treasury Department reports
The U.S. government’s gross national debt has surpassed $37 trillion, a record number that highlights the accelerating debt on America’s balance sheet and increased cost pressures on taxpayers
It reached that figure years earlier than anticipated by the Congressional Budget Office projections
Bay News 9
Spectrum NewsU.S. national debt reaches a record $37 trillion, Treasury Department reports
Experts warn that the growing debt could lead to reduced living standards and increased interest rates.
Associated Press News
US national debt reaches a record $37 trillion, the Treasury Department reports
The U.S. government’s gross national debt has surpassed $37 trillion, setting a new record. This highlights the rapid acceleration of debt on America’s balance sheet and the increasing cost pressures on taxpayers.
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