US National Debt Reaches $36 Trillion, Raises Concerns
- The US debt rises to $36 trillion, sparking fiscal worries.
- Government borrowing increases to $36.21 trillion by May 2025.
- Debt now costs 16% of federal spending, $684 billion annually.
The US national debt hit $36.21 trillion in May 2025, raising alarms over fiscal stability.
The debt’s rapid increase impacts financial markets and raises concerns among economists about long-term sustainability.
National Debt Surges by $11.15 Trillion in Five Years
The national debt has increased by $11.15 trillion in five years, now totaling $36.21 trillion. This marks a significant rise from its $1.66 trillion increase over the past year.
Janet Yellen, the Treasury Secretary, has implemented “extraordinary measures” to manage the debt ceiling challenges. The debt ceiling was raised to $36.1 trillion in January 2025.
Annual Debt Servicing Costs Reach $684 Billion
The debt servicing cost is $684 billion annually, representing a significant portion of federal spending. Economists are voicing concerns over fiscal health due to the growing debt.
Experts have warned: “The cost of maintaining the national debt now consumes 16% of total federal spending for fiscal year 2025.”
The debt increase affects borrowing costs and budget allocation, prompting political and economic debates. This situation might impact U.S. credit ratings and international market confidence.
Expert Predictions: Debt Could Hit $37 Trillion by September
Past administrations have faced similar issues, with Obama and Trump presiding over major debt increases. These instances highlight the ongoing challenges in managing fiscal policies.
Experts predict that the debt could reach $37 trillion by September 2025, driven by current spending trends. The debt burden also compares with historical increases during Lincoln’s presidency.
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