As the federal government shutdown drags on, the U.S. national debt has reached a historic milestone — surpassing $38 trillion

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.

America’s debt has grown rapidly over the last decade as the population ages and enrollment in Social Security and Medicare rises.

The U.S. hit $34 trillion in debt in January 2024, $35 trillion in July 2024 and $36 trillion in November 2024. FATIMA HUSSEIN, JOEY CAPPELLETTI, JESSE BEDAYN and SAFIYAH RIDDLE Associated Press

Finalizing a $20 billion lifeline for Argentina using taxpayers’ funds during the government shutdown was an essential action for the agency, Treasury Secretary Scott Bessent said Tuesday.

The Treasury Department reported federal spending growth has declined under President Trump, with outlays falling 2.5% in the third quarter of 2025 compared to Biden era increases.

The Department of Education is “exploring” ways to move some education programs to another federal agency, a spokesperson said.

WASHINGTON (TNND) — The U.S reached a new milestone in its national debt, surpassing $38 trillion, according to the latest figures from the Treasury Department.