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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 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.
Rising government debt burdens in the United States and elsewhere have become a growing cause for concern because of a recent rapid rise in interest rates, which has made it much more expensive to ...
The federal government has paid north of $1 trillion in gross interest payments on its debt for fiscal 2024 as the national debt continues to climb. The Treasury Department said in a recent ...
The United States has the largest external debt in the world. The total number of U.S. Treasury securities held by foreign entities in December 2021 was $7.7 trillion, up from $7.1 trillion in December 2020. [8] Total US federal government debt breached the $30 trillion mark for the first time in history in February 2022. [9]
In 2013, when the government careened toward default before raising the debt limit at the last minute, the economy lost 1% of GDP. The debt limit debate Congress could eliminate the debt ceiling.
U.S. debt is expected to decrease by about $54 billion on Jan. 2 "due to a scheduled redemption of nonmarketable securities held by a federal trust fund associated wi US may hit new debt limit as ...
Republicans have shot back that a so-called “clean” increase is off the table; they passed a plan in April that repealed large swaths of Biden’s accomplishments in exchange for an increase.