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The U.S. national debt climbed to $34 trillion for the first time in December 2023, up from about $31.42 trillion one year earlier. The debt-to-GDP ratio gives insight into whether the U.S. can cover all its debt.
As of October 2024, the U.S. national debt was over $35.85 trillion. Tax cuts, stimulus programs, and increased government spending on defense can cause the national debt to rise sharply.
National Debt Growth by Year. Interactive chart showing the annual percentage change of US national debt since 1967. The current level of the national debt as of June 2024 is 34,831,634.00 million dollars.
The national debt grew $2.41 trillion over the last 365 days, an increase of about $6.6 billion a day. The national debt must remain below the debt ceiling, a limit imposed by Congress on the amount the federal government can borrow.
Since Jan 12nd 2020, national debt has increased more than $2.9 trillion. National debt has increased for the last 64 years consecutively - the last time it fell was 1956 - 57. The most expensive decade in American history was the 1860s, where national debt increased 3,726% from $64.8 million to $2.48 billion.
The national debt of the United States has doubled over the last decade, exceeding 34 trillion U.S. dollars, or 93,500 U.S. dollars per person, in 2024. The nation's persistently high budget...
In September 2023, the national debt of the United States had risen up to 33.17 trillion U.S. dollars. The national debt per capita had risen to 85,552 U.S. dollars in 2021.
The total U.S. national debt reached an all-time high of $28 trillion* in March 2021, the largest amount ever recorded. Recent increases to the debt have been fueled by massive fiscal stimulus bills like the CARES Act ($2.2 trillion in March 2020), the Consolidated Appropriations Act ($2.3 trillion in December 2020), and most recently, the ...
Graph and download economic data for Federal Debt: Total Public Debt (GFDEBTN) from Q1 1966 to Q2 2024 about public, debt, federal, government, and USA.
From FY 2019 to FY 2021, spending increased by about 50%, largely due to the COVID-19 pandemic. Tax cuts, stimulus programs, increased government spending, and decreased tax revenue caused by widespread unemployment generally account for sharp rises in the national debt.