In the midst of a federal government shutdown, the U.S. government’s gross national debt surpassed $38 trillion Wednesday, a record number that highlights the accelerating accumulation of debt on America’s balance sheet.
It’s also the fastest accumulation of a trillion dollars in debt outside of the COVID-19 pandemic — the U.S. hit $37 trillion in gross national debt in August this year.
The $38 trillion update is found in the latest Treasury Department report, which logs the nation’s daily finances.
Did you just imply that Trump is a fiscal conservative? Since 2015 he made it clear he wanted to spend a lot of money. For a little while he pretended to side with Musk who was attempting to NOT spend so much money, but he eventually ditched DOGE and kept spending.