U.S. National Debt Increased by Nearly $360 Billion in Just a Few Days 0 80

The national debt of the United States increased by a record $358 billion over the past two days.

In the U.S., the federal government's financial year runs from October 1 to September 30. On the last day of the old financial year, the national debt rose by $131 billion, but on the first day of the new year, it increased by $226.5 billion. As a result, the U.S. national debt reached a record $37.86 trillion.

Thus, the recent change in the financial year has become the most expensive in the history of the U.S. national debt. In 2024, the increase in sovereign debt at the beginning of the financial year amounted to $347.6 billion over two days.

In August of this year, it was reported that the U.S. national debt exceeded $37 trillion for the first time in history. It increased by $6 billion over three days.

Previously, the International Monetary Fund had called the American national debt the greatest threat to the global economy. According to preliminary forecasts, by 2032, the national debt could exceed 140 percent of the country's GDP.