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19h ago

U.S. National Debt Surpasses $37 Trillion as Interest Payments Top $1 Trillion

A CBO forecast predicts the GOP spending bill will add $2.8 trillion to deficits over the next decade, with debt climbing toward 156 percent of GDP by 2055.

Speaker of the House Mike Johnson (R-LA) speaks to the media after the House narrowly passed a version of the GOP's "One, Big, Beautiful Bill" last month.
'Just surpassed $37,000,000,000,000': America’s interest bill is now its biggest threat
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Overview

  • U.S. national debt has surpassed $37 trillion, exceeding the country’s annual economic output.
  • Interest payments are on track to top $1 trillion next year, making debt servicing one of the largest federal expenditures.
  • Persistent $2 trillion annual deficits, driven by elevated borrowing costs and stagnant revenue, are accelerating debt growth.
  • A nonpartisan CBO report finds the House GOP’s spending bill would add $2.8 trillion to deficits over the next decade.
  • Without significant fiscal reforms, debt could climb to 156 percent of GDP by 2055, raising the risk of sharper interest rate hikes and a potential dollar crisis.