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US government debt nears $39 trillion, according to Treasury data.
That is up from $37 trillion in August and $38 trillion in October, which was during a federal government shutdown.
The Treasury added the most recent $1 trillion in debt in just 71 days, the fastest
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US government debt nears $39 trillion, according to Treasury data.
That is up from $37 trillion in August and $38 trillion in October, which was during a federal government shutdown.
The Treasury added the most recent $1 trillion in debt in just 71 days, the fastest accumulation outside of the COVID pandemic.
Nearly $5 trillion in debt has been added since since January, 2024.
Furthermore, interest payments are now the fastest-growing line in the federal budget.
In absolute terms, they have surpassed spending on both Medicare and national defense.
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