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National debt surpasses $38 trillion milestone for first time in US history as spending surges
Fox Business·2025-10-23 04:51

The U.S. national debt surpassed another historic milestone as it topped 38trillionforthefirsttimethisweek,asthefederalgovernmentcontinuestorackupdebtatarecordsettingpace.NewdatafromtheTreasuryDepartmentreleasedonWednesdayshowedthatthegrossnationaldebtreached38 trillion for the first time this week, as the federal government continues to rack up debt at a record-setting pace. New data from the Treasury Department released on Wednesday showed that the gross national debt reached 38,019,813,354,700.26 as of Oct. 21.The 38trillionmilestonecomesalittleovertwomonthsaftertheU.S.nationaldebtreached38 trillion milestone comes a little over two months after the U.S. national debt reached 37 trillion for the first time in mid-August, and less than a year after the $36 ...