(AURN News) — The U.S. is carrying its highest debt on record — nearly $37 trillion — even as the White House portrays the nation’s finances in a more positive light, according to the latest Treasury Department figures.
Almost $30 trillion of that total is borrowed from investors, foreign governments, and other buyers of U.S. bonds. The remainder — about $7 trillion — is owed internally through federal programs, including Social Security and Medicare.
The debt has grown by nearly $2 trillion in just one year. At this time in 2024, the government owed about $35.13 trillion.
The Bipartisan Policy Center estimates the One Big Beautiful Bill Act will add $3.4 trillion to the debt over the next decade — and more than $4 trillion when interest costs are included.
Treasury figures show debt rising by trillions in a single year, a pace that can affect how the federal government funds programs, meets existing obligations and responds to future economic challenges.
Click play to listen to the AURN News report from Jamie Jackson:
