US EditionUS hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic
The U.S. national debt grew by $1 trillion in one year, driven by deficits and rising interest costs during the longest government shutdown in history.
- The total national debt of the United States has reached $38 trillion, marking a significant milestone amid a government shutdown and fiscal challenges.
- Michael Peterson stated that reaching $38 trillion during a government shutdown signals lawmakers are failing in their fiscal responsibilities.
- The Congressional Budget Office estimated that net interest on public debt will be $1.03 trillion in fiscal 2025, an increase from $949 billion in fiscal 2024.
- Romina Boccia claimed that the United States is accumulating debt at a 'crisis pace.
150 Articles
150 Articles
kreiszeitung.de
op-online.deUS public debt reaches $38 trillion during the US shutdown and causes concern about financial stability and reforms.
U.S. National Debt Tops $38 Trillion For First Time Amid Mounting Fiscal Warnings
by Worthy News Washington D.C. Bureau Staff (Worthy News) – The U.S. national debt has surpassed $38 trillion for the first time in history, according to new Treasury Department data released Wednesday — marking another alarming milestone in the government’s rapidly escalating borrowing spree. As of October 21, the gross national debt stood at $38,019,813,354,700.26, just over two months after crossing the $37 trillion threshold in mid-August an…
The Epoch Times
The Political InsiderUS National Debt Hits $38 Trillion Milestone
The U.S. government’s gross national debt has surpassed $38 trillion for the first time, according to new Treasury Department data released on Oct. 21, marking another record in the buildup of federal borrowing. The Daily Treasury Statement shows total public debt outstanding at $38.02 trillion, up by more than $1 trillion since mid-August, when the nation crossed the $37 trillion mark. It’s the fastest trillion-dollar increase outside the COVID…
U.S. national debt skyrockets past $38 trillion, the Treasury Department reports
In the midst of a federal government shutdown, the U.S. government’s gross national debt surpassed $38 trillion Wednesday, a record number that highlights the accelerating accumulation of debt on America’s balance sheet.It’s also the fastest accumulation of a trillion dollars in debt outside of the COVID-19 pandemic — the U.S. hit $37 trillion in gross national debt in August this year.The $38 trillion update is found in the latest Treasury Depa…
Congressional Joint Economic Committee Estimates National Debt Increases by $69,713 Every Second – Concerns Over Inflation and Interest Rates
Coverage Details
Bias Distribution
- 59% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
