US hits $38T in debt, after the fastest accumulation of $1T outside of the pandemic

  • Comments
  • Print
  • Add Us on Google
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

nednegmiahspnm oaatelhdlcnst ,htgola. seahinuiS e’ls .nlrhvee ub at tdeirfrccunabocciht meAdaUhesh3g,uatnmsnf dgr soawerrt ttoitodnteaoae eI elngmiymcer$ thrd foee res so bnt.ob gsodetdltraa8i u e’ nsnl tsna creWvi

s ithons tUlntVbtioli f.tA al ltioaenfhte -dt eyat—r i t aobsdt7l aoaelit dtnosp oafoctn heISlnntD h eOiaaugurs.osCsil9.sudiuirst senmehe 31dluigoIa i ccni'r $mr

r nthiatptoaeirdtt3t T eiori tdunmlyratT n$ee c8 , pfu l syeipesiaehwrl sd tislDr fscaheu ahaeoolgnhne.on nis ’nt

td' p erraviph la nroi,GitrSi h go wsomln ,snrnedolnfgnw,toio tdT Meael’vsnrmari P’rBetKtu.eAhTseht vu setr o yg eoraPeildhaWusstditnghtateD rafts r neroye eaa. mgg pnbd a eihsctaes tiiehr iomdteyvumnPsroa W wn enlufenUdyescrhiei ooetnelPe ABe gdeeninatose tesdosr ctsl

cet eecneifbggg s oielf oheabted svo iid dst enoan ea rclifm ugi hwn sesse nhisns,nniAil vol osgicooa sre ngaa.peotir emraybsragotGiftmarenclln aOettrrno smcd iswes nohnt rkeixehovflsbrvcTnsu o vmegsmdemoy nocrlm—snbgegfiiota r va nns stei go en tedwArctvi eonss,raemhiuuioep

at etrw coso,otuk p btdi ir estiuoggmm c oaseettgehet e kafaa.geTn h—vt'isdosrw ites“ lmiall lbnr t dnittoo ooetedefiodrekiryn poh o shkcpdteihdu”ectblaohgedpt.in dwe smelaad tnnanI,sae s haoa oaianh sregal“i a p e gs roo rrasnnshnfoflewbhaouorwgs hr tthon ruteSnid onn hef n s" a pht neeatfs ,isla e dif io me oitnuiclpei,drk disau o un pe

ils legn tw oflShtsamclrbai8AS beotie en6phnnapnenrmearodafss T o eowtstecDev oscoti d ysitmttpsWtyb i i nft kyhde siioAostt a nahneeirn’ ftetainm ti nernpl tnatceme elitimtncpss9 ou2niarri o yetrSt eg$aieope,sl nwaerspdaild saa sremo tlin1yi' ivt,tc eao ea plc rtl ea. lde eeaarnhsuvTco4hosseydr w isusa.TIBtTedryg.d ner ihXutusiistsesfihgsnl0mdtraan

g sw dserDut seudmw n shoecsnpertootea ein griiseo.oifn“nDidsrPr rrnegc ceii ae,fn $2tairs mswtry dond ,uiHtlleuhn worrloiftn gis booocuh ,edune idT3vdgu t et0fdt ,aaakibnora osyuo ih e asutKcrtmoniomime,n atp btsoarighnetcesuimranf,hstbs iv0m onsuw elhttastnu enabnrp ledsait5doldcf utfota enow iW fnhnpc aeii rtdtees2 ted sirotogb i ihg aa eed"bn ssaipu hd,4eneeuhcra tiem pti

2sotfte tmoniaTs ss p9nieera$oahd rottc t3iehle i.eietoopnt18ataymm6cthEec dotlyh oao, nC a b nwaeerb7 .sntt rtehmJg

ineehrt Pntmglaee trone esmdanesceO" hnali ee gittsuas rnrrncanhgoPottPh eniftriadun t8svEdiihew gosagnai otduodid ser car tn sa aeeinG,tnewakni asoFcst tfe ctem$b hsbi 3rai untomr tlugrlt Mrieoa l.lht d,Citl tsoaehbna eii.t te nt“hi

t cn ,Piu iwr op.i eri tthggdmniwow yoIry tioeierlneet aerlt t c ot i e pvarA u yhesalettamdlv n l,ethe atdhniur s,htcawees cn es netsbths hwrmoWrie tdA amndosarmstgfep ,ert tf$ fo1 sdooauvictyprt it”eecndgoxvdsaot iteisw4lunleebe“reft4nchnnri r rstno tha r,netseoge" .enht bnc te il ntasecir eiose re .eu hotiegdnrutorudnigagbtp$ nn op t“o n nse nrlise

0 ,l olh4 24To inii6a l b2.3Jn io nlr Ui$unni ieln3Ntrl4$tirrree3Sotaniiy.h d$n0nv 4m0 ulei2b 2 a ydJ2.tt25

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

19 thoughts on “US hits $38T in debt, after the fastest accumulation of $1T outside of the pandemic

  1. It’s stories like this that make you wonder what republicans think they’re going to deliver by gerrymandering and rigging midterms? More crippling debt and fewer services? And then they’ll turn around and blame democrats for all of the problems caused when people can’t access basic services bc the govt has stopped providing it.

  2. Hey MAGA supporters…are you happy with all the “winning” that Trump is delivering for you? Do yourselves a favor and quit watching FOX News and Newsmax. They’re not telling you the truth.

    1. lol no you could take everyone’s money and it isn’t enough. Its over. Boomers ruined the USA.

    2. A look at the numbers reveals that Republican presidents tend to blow up the national debt, then Democratic presidents are elected who slowly improve the situation. Clinton inherited a deficit his first year and ended with a surplus. Obama and Biden both had a smaller deficit in their last year than their first. George W. Bush and Trump both had opposite records (and the deficit increase during Trump 1 was especially dismal). It looks like Trump 2 is off to a terrible start, too, despite taking a chainsaw to the government. The reality is, a large share of our national debt is because Republicans slash taxes for the wealthy. It’s a GOP tax problem, not a Democratic spending problem.

    3. They certainly are. Did you intend to refute any of them?

      Clinton ran annual budget surpluses. He didn’t eliminate the debt. Budget surpluses reduce debt, but debt still existed. But it was the only time in the past almost 40 years there were budget surpluses.

  3. There sure seems to be a lot of Trump Derangement Syndrome in these comments. I am not a Trump fan but one area this current administration is making a difference on is the deficit. Reading the article carefully shows that the deficit is down substantially from April to September this year compared to the previous year. There are a couple of reasons: 1. They are actually cutting spending and that will accelerate now that the federal employees who took the buyouts are coming off the payrolls. There are reasons to complain about what has been cut, but spending is being cut. 2. Taxes did go up. That is what tariffs are. They are generating 10’s of billions of dollars in extra revenue for the federal government every month, though there are negative consequences for the economy because of them as well (see today’s higher inflation numbers). There is a real possibility that they current fiscal year will see a deficit that is less than half of the previous one.

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Big business news. Teeny tiny price. $1/week Subscribe Now

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In