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US national debt hits record high, raising alarm over economic risks
According to the US Treasury Department, for the first time in history, the country’s national debt has surpassed $37 trillion, reaching an exact figure of $37,004,817,625,842.56 as of Monday, August 11.
Experts noted that in just three days, the debt increased by an extraordinary $6 billion.
US Treasury Secretary Scott Bessent warned that against this backdrop, the country could face a default on its public debt in the second half of the summer. However, he expressed confidence that the government would never declare a default and would not resort to “tricks” to bypass the debt ceiling.
The International Monetary Fund (IMF) has previously named US national debt as the most significant threat to the global economy. According to preliminary projections, by 2032, US public debt could exceed 140% of the country’s GDP.
Published 15 August 2025
© InstaFintech Group
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© InstaFintech Group
