Nothing is going to stop this. In the case of a deeper slowdown, T-bill issuance will accelerate even further.
— Global Markets Investor (@GlobalMktObserv) November 18, 2025
We are borrowing so much because Social Security and Medicare are driving huge deficits
We need to cut back on these programs or the deficits are going to keep growing pic.twitter.com/XzP5fYlEgu
— Illiquid Insights (@IlliquidInsight) November 18, 2025
WASHINGTON (AP) — 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.
https://apnews.com/article/trump-treasury-debt-ceiling-bessent-09575f13ca95c2f1beb38234b2cbe85b