National Debt Crosses $38 Trillion for First Time in History
Update: 2025-10-22
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Washington Examiner The total national debt of the United States has hit $38 trillion, an unwelcome milestone that comes as lawmakers grapple with a looming fiscal reckoning. The unwanted achievement comes amid a government shutdown and was reflected in the Treasury Department’s daily updates to the national debt. The federal debt per citizen has now climbed to over $110,000. Republicans and some centrist Democrats have sounded the alarm about the growing debt and deficits, with the debt first crossing the $1 trillion mark in 1981. But lawmakers have done little to reduce debt and deficits, although Republicans have long called for spending cuts. READ THE FULL STORY
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