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US national debt surges past $39 trillion just weeks into war in Iran
Debt growth accelerated by emergency war spending, tax cuts, and rising interest costs; net interest payments may exceed $1 trillion in 2026, says Peterson Foundation.
- On Tuesday, the United States national debt crossed $39 trillion for the first time, a milestone confirmed in Wednesday’s Daily Treasury Statement and called 'staggering' by Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
- The rapid run-up reflects wars, pandemic spending and tax cuts, with federal debt surging from $37 trillion to $38 trillion to $39 trillion in months, watchdogs say.
- Net interest payments rose sharply, hitting $12 billion in the first quarter and are projected to exceed $1 trillion in fiscal year 2026, with nearly $100 trillion over 30 years.
- The Government Accountability Office warns rising debt raises borrowing costs, lowers wages and makes goods more expensive, while a Peterson Foundation survey finds nine in 10 Americans blame it for higher living costs.
- Without major policy changes, analysts say debt may become unmanageable in roughly 20 years, with the Penn Wharton Budget Model putting the fiscal gap near $100 trillion.
36 Articles
36 Articles
America’s debt exceeded today’s record $39 trillion, a milestone just a few weeks after Washington and Israel started the war against Iran. The unprecedented figure highlights the competing priorities facing the government, from passing a huge tax law and increasing spending on defense and immigration law enforcement, to trying to reduce debt, something President Donald Trump promised to do as a candidate and as President.
US national debt surges past $39T just weeks into war in Iran
The unprecedented figure highlights competing administration priorities, from passing a massive tax law and boosting defense spending and immigration enforcement to chipping away at the debt itself.
US national debt breaches $39 trillion milestone for first time amid spending surge
The U.S. national debt reached another historic milestone on Wednesday as it surpassed $39 trillion for the first time as the federal government's persistent budget deficits send the debt soaring higher.New data from the Treasury Department released on Wednesday showed that the gross national debt reached $39,016,762,910,245.14 as of March 17.The $39 trillion milestone comes about five months after the national debt reached $38 trillion for the …
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