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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.
It reported debt held by the public will rise from 99% of GDP this year to 122% by 2034—surpassing its previous high of 106% in 1946, at the end of the Second World War. Cuts vs growth
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 ...
America is now almost $35 trillion in debt. That means every American owes $100,000. President Joe Biden's administration doesn't care. They want to spend more.. Already they are spending so much ...
The U.S. government’s gross national debt has surpassed $34 trillion, a new record. ... can raise the country's ability to pay off its debt over time by boosting GDP and tax revenue, "thereby ...
In 1993, for instance, the annual deficit amounted to 3.8% of GDP, and the debt, which seemed astronomically high at a “mere” $4.4 trillion, was Lilliputian by today’s standards. The trend ...
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 ...
As of Dec. 24, 2024, the debt has climbed to nearly $36.3 trillion, a $2.5 trillion increase within the past 12 months. If the average daily rate of debt growth over the past three year