U.S. National Debt Surpasses $35 Trillion
WASHINGTON, D.C. – Today, the United States’s national debt reached another alarming milestone – our national debt is a staggering $35 trillion. House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement on this milestone:
Chairman Arrington's Statement:
Background:
The gross national debt is currently $35 trillion. This equates to:
- $104,497 per person
- $266,275 per household
- $483,889 per child
The debt one year ago was $32.65 trillion, meaning that the debt has increased by $2.35 trillion over the past 12 months. This rate of increase equates to:
- $196 billion in new debt per month
- $6.4 billion in new debt per day
- $268 million in new debt per hour
- $4.5 million in new debt per minute
- $74,401 in new debt per second
The U.S. Treasury Department reports the amount of debt outstanding at the end of the previous business day. The report can be found HERE.
The House Budget Committee’s FY 2025 Concurrent Resolution on the Budget offers a much-needed roadmap on the path toward fiscal responsibility, economic freedom, and unleashing prosperity in America again.
