institutional access

You are connecting from
Lake Geneva Public Library,
please login or register to take advantage of your institution's Ground News Plan.

Published loading...Updated

US national debt reaches a record $37 trillion, the Treasury Department reports

  • The U.S. government's gross national debt surpassed a record $37 trillion as reported by the Treasury Department on Tuesday.
  • This milestone occurred years sooner than the Congressional Budget Office's January 2020 projection due to the multi-year COVID-19 pandemic and heavy federal borrowing under Presidents Trump and Biden.
  • Rising debt increases borrowing costs for mortgages and goods, reduces private investment, and pressures taxpayers, with new debt added at over twice the 25-year average rate.
  • Michael Peterson noted that the national debt is increasing by one trillion dollars approximately every five months, underscoring the accelerated rate of debt accumulation.
  • Experts like Maya MacGuineas urge policymakers to act quickly to address accelerating debt, while projections show continued borrowing growth due to current tax laws.
Insights by Ground AI
Does this summary seem wrong?

157 Articles

Watauga DemocratWatauga Democrat
+33 Reposted by 33 other sources
Lean Left

U.S. national debt tops $37 trillion

(The Center Square) – Congress has spent more money than it has collected for the last two decades, allowing the U.S. debt to top $37 trillion for the first time.

·Calhoun, United States
Read Full Article
Right

The gross national debt exceeded 37 billion dollars (trillion), marking a new record figure. This is clear from the latest Treasury Department report, which reported the latest escalation on Tuesday.Read more]]>

Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 62% of the sources are Center
62% Center

Factuality 

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

The Cyber Shafarat - Treadstone 71 broke the news in on Monday, August 11, 2025.
Sources are mostly out of (0)