The U.S. total public debt has now surpassed USD 37 trillion as of Monday, August 13, according to data released by the U.S. Department of the Treasury.

• The debt is composed of USD 29.64 trillion held by the public and USD 7.36 trillion in intragovernmental holdings.
• Maya MacGuineas, president of the Committee for a Responsible Federal Budget, highlighted the "terrible state of federal finances" due to spending and revenue being severely out of balance.
• The U.S. debt has rapidly increased, hitting USD 34 trillion in January 2024, USD 35 trillion in July 2024, and USD 36 trillion in November 2024, significantly outpacing the U.S. gross domestic product (GDP) of USD 29.18 trillion in 2024.