US adds $1 trillion to national debt in less than a year

The Treasury Department reported on Tuesday that the U.S. national debt increased by $1 trillion in less than a year to a record level of $37 trillion.

It is reportedly the highest deficit level in the country’s history. The previous record was $36 trillion, set in November 2024, and the $35 trillion mark in July 2024. The current deficit total sits at $37,004,817,625,842.56 as of Tuesday afternoon, according to the Treasury Department .

The Treasury Department data show that the government continues to spend money at dangerously high levels. Even more concerning is that the debt hit the $37 trillion mark years before it was expected, at least based on pre-pandemic assessments.

Previously, it was estimated that the deficit would not surpass $37 trillion until after fiscal 2030