The U.S. debt crisis continues to intensify. During the transition between the previous fiscal year and the current one, Washington’s debt surged, approaching $38 trillion.
اضافة اعلان
According to the U.S. Treasury Department, the debt increased by a record $358 billion in just two days during the shift to the new fiscal year.
On September 30, 2025, the last day of the U.S. fiscal year, the debt rose by $131 billion, followed by an increase of $226.5 billion on October 1, 2025, the first day of the current fiscal year, bringing total U.S. debt to approximately $37.86 trillion.
In the United States, the federal government’s fiscal year runs from October 1 to September 30 of the following year.
The main driver of the increase came from the U.S. government’s obligations to federal agencies, which grew by $266 billion.
Warnings About the Risks of Rising U.S. Debt
The United States now spends about 44% of its annual GDP, a level comparable to that of World War II and 2008 during the global financial crisis, according to Bank of America Research data.
In April 2024, the International Monetary Fund (IMF) warned that the record level of U.S. government debt threatens global financial stability.
The IMF noted that rising government spending, increasing public debt, and higher interest rates in the U.S. lead to higher yields on U.S. Treasury bonds, which in turn push up interest rates in many other countries.
