U.S. Debt Tops $38 Trillion Amid Shutdown
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The U.S. gross national debt has topped $38 trillion for the first time, Treasury data show, as a government shutdown leaves hundreds of thousands of federal workers unpaid and stalls the economy. Experts warned the impasse adds costs—past closures drained billions, including $11 billion during the 35-day 2018 shutdown. Michael A. Peterson noted the total crossed $37 trillion just two months ago and is growing at twice its 2000-era pace. With credit ratings lowered and interest costs projected to rise, Maya MacGuineas urged action as key trust funds face depletion in seven years.
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