American debt hits a new record high. Know the number
Override The public debt of the United States reached $38 trillion yesterday, Wednesday, in a new record that coincides with Partial shutdown of the federal government, according to the latest daily update For the US Department of the Treasury.
The number reflects an acceleration in the pace of debt accumulation, as the debt rose from $37 trillion last August, recording the fastest addition of a trillion dollars outside the period of the Corona pandemic.
Cumulative deficit level
A recent analysis by the Treasury Department stated that the cumulative deficit during the period from April to September 2025 amounted to about 468 billion. Dollars.
US Treasury Secretary Scott Besent stated that the aforementioned deficit level is the lowest since 2019.
White House spokesman Kush Desai said that the administration reduced the deficit by $350 billion during the first eight months compared to the same period in 2024, attributing this to a combination of reducing spending and increasing revenues.
He added that work continues to achieve strong economic growth and reduce Inflation rates, increasing customs revenues, reducing borrowing costs, and reducing waste, fraud and abuse.
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