United States Reaches $37 Trillion in Debt

United States reaches $37 trillion in debt

The benchmark comes after the U.S. passed the $36 trillion debt threshold in November.

U.S. Debt Hits $37 Trillion, Raising Concerns Over Fiscal Stability

U.S. national debt has surged to a record $37 trillion, now exceeding 120% of GDP. Rising interest rates have pushed annual debt payments to $1.1 trillion, outpacing Medicare and defense spending. CBO warns deficits could grow by $2.8 trillion over the next decade under current policies. The U.S. national debt has reached an unprecedented $37 trillion, setting off alarm bells among economists and policymakers. Years of aggressive government spen…

U.S. national debt crosses $37 trillion for the first time in history amid rising fiscal pressures

Goldman Sachs economists believe the U.S. Treasury Department borrows more to meet the rising cost of servicing its debt.