US EditionUS hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic
The $38 trillion debt marks the fastest growth outside the pandemic, driven by a $1 trillion rise in just over two months amid political gridlock and a government shutdown.
- On Wednesday, the U.S. government's gross national debt surpassed $38 trillion, with the Treasury Department reporting $38.012 trillion after a $40 billion increase.
- Analysts say the jump reflects deficit spending, rising interest costs and shutdown-related economic drag, while delayed fiscal decision-making and political gridlock have magnified costs and slowed reforms.
- Treasury data show the total debt rose to $38.012 trillion after a $40 billion increase; $30.44 trillion are held by the public, and interest payments total roughly $1 trillion annually.
- Higher interest costs are taking up an increasing share of federal spending, with about $1.21 trillion spent in September, while Americans face rising borrowing costs and Social Security and Medicare trust funds risk depletion in seven years.
- Economists warn the trajectory could push the debt past $39 trillion as JPMorgan CEO Jamie Dimon, Bridgewater founder Ray Dalio and Citadel CEO Ken Griffin sound alarms; the debt-to-GDP ratio is around 125% and projected to reach 156% by 2055, raising long-term sustainability concerns.
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…
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