The US government’s gross national debt has surpassed $38 trillion amid the ongoing federal shutdown, marking a historic milestone for the nation’s finances. This comes just two months after debt hit $37 trillion, reflecting the fastest single-year increase outside COVID-19 emergency spending. Treasury data shows debt rose from $34 trillion in January 2024 to $38 trillion by October 2025, climbing nearly $69,714 per second.
Credit to : The Economic Times