(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.
