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Gross National Debt Reaches $37 Trillion
The gross national debt of the United States reached $37 trillion yesterday according to the U.S. Treasury. Gross debt had been held roughly constant at around $36.2 trillion since January after the debt ceiling was reinstated and Treasury invoked “extraordinary measures” until it was raised $5 trillion by the recently-enacted reconciliation law.
US National Debt Reaches a Record $37 Trillion, the Treasury Department Reports
The U.S. government’s gross national debt has surpassed $37 trillion, a record number that highlights the accelerating debt on America’s balance sheet and increased cost pressures on taxpayers. The $37 trillion update is found in the latest Treasury Department report issued Tuesday which logs the nation's daily finances.
The OBBB cut taxes for many Americans but also added to the national debt, which could be a problem for Americans in the long ...
Private investors are the biggest holders of national debt – $24.4 trillion as of March 2025 – followed by federal trust funds and retirement programs.
The fight over the debt limit is as much a fight over political power as it is about the issue itself. Americans are hardly aware of the machinations of the debt limit. In a December YouGov poll ...
The debt ceiling, also known as debt limit, is the law that limits the amount of money the US government can borrow to cover costs — including paying federal employees, as well as Social ...
The debt limit started to take its current shape in 1939, when Congress consolidated different limits that had been set on different types of bonds into a single borrowing cap.
The United States hit its $31.381 trillion debt ceiling, or limit, on Jan. 19, 2023. Once that debt limit was reached, the federal government became at risk of default.
Debt Ceiling Why the Debt Limit Is (Still, Really) Constitutional Biden still wants to explore the 14th Amendment—but it isn't a presidential authority, and the debt limit doesn't create a ...
If Congress fails to raise the debt ceiling, the government would automatically default on its payments. In the more than 100 years since the limit was enacted, that has never happened.
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