Over the last 48 days, the US federal debt has increased by over $1 trillion. This raises concerns about the accelerating budget deficit.
Facts About US Federal Debt
The total US debt surpassed $37 trillion as of August 11, 2025. The current budget deficit is about $1.63 trillion for fiscal year 2025.
Reasons for Rapid Debt Growth
The primary reason behind the rising federal debt is excessive government spending without a corresponding increase in revenue. Recent legislation raised the debt ceiling by $5 trillion, allowing further borrowing.
Potential Consequences and Debt Risks
The current level of spending is unsustainable in the long term, which may lead to a fiscal crisis. If no action is taken, this could result in instability similar to Japan's economy with high debt levels.
The growth of federal debt in the US raises serious concerns about fiscal stability. Experts warn of the risks associated with unsustainable spending and the lack of structural reforms.
