The #USNationalDebt has reached unprecedented levels, surpassing the $37 trillion mark as of June 2025. This represents a new historical high, with an increase of roughly $1.56 trillion over the past year. In per capita terms, this translates to over $100,000 for every U.S. citizen.
This sharp rise is attributed to factors like past stimulus measures, consistent budget deficits, and rising interest rates on existing debt. The Congressional Budget Office (CBO) projects that federal debt held by the public will reach 116% of GDP by 2034, far exceeding previous highs.
The burgeoning debt raises concerns about reduced economic growth, potential "crowding out" of private investment, higher interest payments diverting funds from other programs, and increased risk of a fiscal crisis if investor confidence wanes. Managing this debt will be a critical challenge for the current and future U.S. administrations.