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If the average daily rate of debt growth over the past three years continues, the gross national debt will reach $37 trillion within 5 months, $39.2 trillion in 2026, and $40.95 trillion in 2027 ...
Net interest payments on the national debt exceeded $892 billion in the 2024 fiscal year. The IMF projects that by 2034, annual interest payments in the U.S. will hit $1.7 trillion and cumulative ...
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 U.S. government will pay close to $900 billion this year just in interest payments on the national debt. ... It exceeded $1 trillion again in the first eight months of the current fiscal ...
The federal government's gross national debt has surpassed $34 trillion, a record high that foreshadows the coming political and economic challenges to improve America's balance sheet in the ...
The National Debt Is Now So High That Every American Essentially Owes $100,000. John Stossel. June 19, 2024 at 2:24 AM. Stossel TV. America is now almost $35 trillion in debt. That means every ...
The national debt was up to $80,885 per person as of 2020. [153] The national debt equated to $59,143 per person U.S. population, or $159,759 per member of the U.S. working taxpayers, back in March 2016. [154] In 2008, $242 billion was spent on interest payments servicing the debt, out of a total tax revenue of $2.5 trillion, or 9.6%. Including ...
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.