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US national debt reaches a record $37 trillion, the Treasury Department reports

  • 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.
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163 Articles

Watauga DemocratWatauga Democrat
+39 Reposted by 39 other sources
Lean Left

U.S. national debt tops $37 trillion

(The Center Square) – Congress has spent more money than it has collected for the last two decades, allowing the U.S. debt to top $37 trillion for the first time.

·Calhoun, United States
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The gross national debt exceeded 37 billion dollars (trillion), marking a new record figure. This is clear from the latest Treasury Department report, which reported the latest escalation on Tuesday.Read more]]>

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The Cyber Shafarat - Treadstone 71 broke the news in on Monday, August 11, 2025.
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