The total US national debt surpasses $37 trillion, signaling frequent warnings of fiscal imbalance.

The acceleration of the U.S. federal government debt expansion has reached a historic high. According to the latest data released by the U.S. Department of the Treasury, as of the afternoon of August 12, 2025, the total U.S. national debt has surpassed $37 trillion, reaching $37.004 trillion, marking another alarming milestone.

Record-breaking debt scale, U.S. national debt hits new high

Precise data from the U.S. Department of the Treasury shows that as of August 12, 2025, the total U.S. national debt has reached $37,004,817,625,842. This figure reflects the continuous investments of the federal government in areas such as public spending, social welfare, and national defense. The ongoing rise in debt levels has become a prominent issue in the development of the U.S. economy.

The U.S. government has long maintained a budget where expenditures exceed revenues, leading to a yearly increase in deficits and consequently pushing up the national debt. This growth trend is not only difficult to reverse in the short term but may also continue to intensify over the coming years.

Fiscal crisis worsens, experts warn of imbalance risks

Regarding this alarming figure, Maya McGinnis, chair of the U.S. Congressional Budget Office, bluntly pointed out that the U.S. fiscal situation shows serious structural imbalance. She stated that Congress’s attitude toward addressing the fiscal crisis is passive, and policy decisions often exacerbate the problem rather than move toward improvement.

This reflects a deep-rooted dilemma in U.S. policymaking—although the debt crisis is increasingly imminent, there is still insufficient political will to resolve it through increased taxes or spending cuts. The continuous growth of the U.S. national debt is becoming a major concern affecting long-term economic stability.