The national debt increased $2.17 trillion during fiscal year 2025, reaching $37.64 trillion, according to a U.S. Treasury daily treasury statement. Total debt increased $5.95 billion daily, on average, $248 million per hour, $4.13 million per minute, or $68,902 per second.
“Our current level of deficit spending, growing $68,902 every second, is unsustainable,” said U.S. Rep. David Schweikert (R-AZ), House Joint Economic Committee chairman. “We’re getting dangerously close to the point where most of our federal budget will go toward paying interest on the debt. In fact, it’s already the second-largest expense we have. That should be a wake-up call. This kind of spending threatens our economy and puts the financial future of our children and grandchildren at risk. I’m asking my colleagues to look at the numbers, focus on the fiscal reality, and work with me to start making responsible changes that will get our debt under control and restore economic stability.”
Intragovernmental debt spiked $202.4 billion to $7.36 trillion while debt held by the public grew $1.97 trillion to $30.28 trillion.
Total public debt at the end of the fiscal year was equal to 122.6 percent of the gross domestic product (GDP), and debt held by the public is equal to 115.5 percent of GDP, based on Congressional Budget Office third quarter GDP projections published in the agency’s September 2025 economic outlook.
“America’s growing national debt is unsustainable and a threat to our future prosperity. This is not an accident or an abstract statistic; it’s the direct result of Washington’s refusal to balance the budget and live within its means. It’s far past time to roll up our sleeves, rise to the challenge, and finally make the changes necessary to reduce wasteful spending and get the debt under control. Our future generations depend on it,” said Vice Chairman Sen. Eric Schmitt (R-MO).