US Government Adds $204,273,438,011 To National Debt on First Day of New Fiscal Year

The U.S. authorities’s large debt pile is reaching new heights as a brand new funds 12 months begins.

The Treasury Division’s Debt to the Penny database exhibits that the nationwide debt rose from $35.464673929171 trillion on September 30 to $35.668947367182 trillion on October 1 – the primary day of the 2025 fiscal 12 months.

That is a bounce of $204.273438011 billion in simply 24 hours.

In the meantime, the Treasury Division says the U.S. funds deficit was $1.897 trillion on the finish of August, a month earlier than the fiscal 12 months ended. The hole between the federal government’s whole expenditures and its whole revenues has elevated by 24% since August 2023, when it stood at $1.525 trillion.

In a current report, the Congressional Price range Workplace (CBO) says the rising deficit is because of quite a lot of elements, together with rising spending on Social Safety, Medicare and the Division of Protection, in addition to considerably greater curiosity funds on the nationwide debt because of excessive rates of interest. .

“Spending on Social Safety advantages elevated by $98 billion (or 8%) because of will increase in common profit funds (ensuing primarily from cost-of-living changes) and within the variety of beneficiaries…

Medicare spending elevated a web $76 billion (or 10%) because of elevated enrollment and better fee charges for providers….

Division of Protection spending was $52 billion (or 7%) greater than the identical interval final fiscal 12 months; the most important will increase occurred in operations and upkeep and in analysis and growth.”

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