US EditionUS hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic
The debt grew fastest outside the pandemic, fueled by deficit spending and rising interest costs; interest payments will total $14 trillion over the next decade, experts said.
- 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.
162 Articles
162 Articles
Federal Debt is a Stranglehold on the Future
By Guest Columnist JC Bowman The staggering ascent of the U.S. federal debt from a modest $380 billion in 1925 to an eye-popping $37.64 trillion in 2025 reflects not just a number, but a profound challenge to America’s economic future. As we stand on the precipice of reaching an alarming $38 trillion, it becomes increasingly […] The post OPINION: Federal Debt is a Stranglehold on the Future appeared first on Florida Daily.
The national debt hit $38 trillion, and yes, you should care
The U.S. national debt hit a new record this week: $38 trillion. As we head toward the fifth week of a government shutdown over a congressional budget disagreement, we explain why the growing national debt matters and how it affects your wallet. Also in this episode: Where does surplus oil go as demand drops? How might a wearable AI device affect your relationships? And, why are credit card companies offering more perks?Every story has an econom…
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op-online.deUS public debt reaches $38 trillion during the US shutdown and causes concern about financial stability and reforms.
How Did We Reach a $38 Trillion Debt During a ‘Shutdown’? – The American Spectator | USA News and Politics
Only in America can the government reach a $38 trillion debt during a shutdown. The debt sprinted from $37 trillion to $38 trillion in a month and nine days — record time for a trillion-dollar leap outside of the coronavirus pandemic. That more than half of this period overlapped with…
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…
Budget watchdog on $38 trillion national debt: ‘It’s tough to decide what the most appalling part is of today’s announcement’
The Committee for a Responsible Federal Budget is glum: “The reality is that we’re becoming distressingly numb to our own dysfunction.”
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