US hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic

ABC NewsWednesday, October 22, 2025 at 9:49:48 PM
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US hits $38 trillion in debt, after the fastest accumulation of $1 trillion outside of the pandemic
The U.S. government's national debt has reached a staggering $38 trillion, a milestone that occurred during the federal shutdown. This rapid accumulation of debt, particularly the fastest $1 trillion increase outside of the pandemic, raises concerns about the country's fiscal health and future economic stability. It's a significant moment that highlights the challenges the government faces in managing its finances and the potential implications for taxpayers and public services.
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