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The U.S. national debt broke a new record after crossing the $36 trillion mark for the first time as the federal government's mounting budget deficits cause the debt to surge.
The national debt is over $36 trillion, currently on pace to surpass $37 trillion later this year. ... that the cost of interest payments alone on the national debt will rise to 4.1% of GDP by ...
On Friday, the Treasury Department issued another reminder about the cost of doing nothing to change course. The national debt hit $36 trillion—less than four months after surpassing the $35 ...
As of December 2023, total federal debt was $33.1 trillion; $26.5 trillion held by the public and $12.1 trillion in intragovernmental debt. [8] The annualized cost of servicing this debt was $726 billion in July 2023, which accounted for 14% of the total federal spending.
The Congressional Budget Office projected two weeks prior to Obama taking office in January 2009 that the deficit in FY2009 would be $1.2 trillion and that the debt increase over the following decade would be $3.1 trillion assuming the expiration of the Bush tax cuts as scheduled in 2010, or around $6.0 trillion if the Bush tax cuts were ...
Outstanding government debt stood at $34.9 trillion ($34,940,154,000,000 to be somewhat more precise) as of Tuesday, according to the latest data from the Treasury Department. That's a debt load ...
Debt held by the public in 2028 would increase from $27.0 trillion to $29.4 trillion, an increase of $2.4 trillion. Debt held by the public as a percent of GDP in 2028 would increase from 93% GDP to 101% GDP. Deficits would begin to exceed $1 trillion each year starting with 2019, reaching $1.7 trillion by 2028.
The US national debt topped a psychologically important milestone of $35 trillion in recent days and has risen by $1 trillion since January — mounting by nearly $5 billion every day so far in 2025.