America’s national debt has ballooned by another $2.2 trillion in just twelve months, fueling worries on Capitol Hill and Wall Street about the country’s financial trajectory.
Federal data shows the nation’s debt has reached nearly $38 trillion, with much of the increase driven by higher interest payments, sustained government spending, and rising costs for major entitlement programs. This surge translates to a record pace, with debt climbing approximately $6 billion per day during the past year.
Officials have cited government shutdowns and delays in fiscal negotiations as factors that have amplified the recent jump in borrowing. Experts warn that continued rapid debt growth could lead to even higher interest payments and threaten economic stability for future generations.
The Congressional Budget Office and several economic analysts call for urgent measures to address mounting deficits, highlighting risks such as reduced fiscal flexibility and potential impacts on everyday Americans through inflation and higher borrowing costs.
