National Debt Tracker: American taxpayers (you) are now on the hook for $35,769,084,471,524.38 as of 10/18/24
The U.S. national debt is climbing at a rapid pace and has shown no signs of slowing down, despite the growing criticism of massive levels of government spending.
The national debt — which measures what the U.S. owes its creditors — rose to $35,769,084,471,524.38 as of October 17th, according to the latest numbers published by the Treasury Department. That is up about $25.5 billion fro... moreNational Debt Tracker: American taxpayers (you) are now on the hook for $35,769,084,471,524.38 as of 10/18/24
The U.S. national debt is climbing at a rapid pace and has shown no signs of slowing down, despite the growing criticism of massive levels of government spending.
The national debt — which measures what the U.S. owes its creditors — rose to $35,769,084,471,524.38 as of October 17th, according to the latest numbers published by the Treasury Department. That is up about $25.5 billion from the figure reported the previous day.
By comparison, just four decades ago, the national debt hovered around $907 billion.
The outlook for the federal debt level is bleak, with economists increasingly sounding the alarm over the torrid pace of spending by Congress and the White House. Interest payments on the debt for the government's fiscal year, which begins in October, now exceed the costs of Medicare and the defense budget.
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