US adds $1 trillion to national debt in less than a year

The Treasury Department reported on Tuesday that the U.S. national debt increased by $1 trillion in less than a year to a record level of $37 trillion.

It is reportedly the highest deficit level in the country’s history. The previous record was $36 trillion, set in November 2024, and the $35 trillion mark in July 2024. The current deficit total sits at $37,004,817,625,842.56 as of Tuesday afternoon, according to the Treasury Department.

The Treasury Department data show that the government continues to spend money at dangerously high levels. Even more concerning is that the debt hit the $37 trillion mark years before it was expected, at least based on pre-pandemic assessments.

Previously, it was estimated that the deficit would not surpass $37 trillion until after fiscal

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