Yahoo Finance's Ben Werschkul reports: The US national debt topped a psychologically important milestone of $35 trillion in recent days and has risen by $1 trillion since January — mounting by nearly $5 billion every day so far in 2025.
This latest barrier was formally pierced last Friday. That's when a daily Treasury Department tabulation, which was then compiled and released late Monday, showed a gross debt level of $35.001278 trillion.
“This is crazy,” Tesla (TSLA) CEO Elon Musk noted in a post on X in one quick response to the news.
America’s red ink has now jumped by more than 75% during the Trump and Biden administrations, and yet the issue has been relegated to the back burner during the 2024 campaign season.