The U.S. gross national debt surpassed $36 trillion on Thursday, according to Treasury data, while a Federal Reserve report showed intensifying concern about America’s fiscal health and its broader implications for financial stability.
The massive debt milestone was reached just over three months after the previous $35 trillion benchmark, highlighting the rapid accumulation of federal borrowing in recent years. It comes as policymakers brace for renewed debates over spending and taxation, with the incoming Trump administration and the 119th Congress having to contend with the nation’s fiscal trajectory.
