U.S. National Debt Reaches New All-Time High of $37 Trillion

The U.S. national debt has officially surpassed the $37 trillion mark for the first time in history, according to BlockBeats data. This milestone follows President Trump’s signing of the ‘Beautiful Act’, which raised the debt ceiling, and resulted in an additional $780 billion added to the national debt since July 4th. The debt has increased by an average of $22 billion per day. In the last week alone, the U.S. government conducted ten bond sales totaling $724 billion. This growing debt crisis poses a significant challenge for the United States.