US debt tops $ 37 trillion for the first time, as OBBA adds a space for more

Total federal government National debt It reached 37 trillion dollars for the first time in history last week, and the United States has an area to add trillion dollars to debt after the enactment of the one beautiful bill (OBBA).

president Donald Trump On July 4, OBBA signed the law, which included an increase in debt reducing debt worth $ 5 trillion to avoid a possible confrontation, as it was expected to reach later in the summer. Failure to raise the debt limit of the United States government can be at the risk of virtual debts, which would renew financial markets and probably lead to high debt interest rates to calculate these risks.

The debt limit was used by both parties as a lever to ensure their various priorities in negotiations on federal policies for spending and taxes, although this political imbalance and improvements have contributed to the American credit classification that was reduced by the three major classification agencies in the years since 2011.

National debt follow: American tax motivated (you) is now on a hook for 37,089,430,594,354.58 as of 8/15/25

The largest large bill of bill raised the maximum debt by $ 5 trillion, which pushed it to the top of 41 trillion dollars. (Kevin Carter / Getty Emmy / Getty Em.

“The fact that it was included in OBB, of course, means that we have avoided the worst risks and potential costs that could come from not dealing with the debt limit in time, but it did not stimulate a broader meaningful conversation about what cannot be tolerated The financial track “We are a state,” said Akabas, Vice President of Economic Policy at the Party Policy Center, in an interview.

Maya McGoynas, head of the non -party committee for the responsible federal budget (CRFB), has expressed similar feelings, as Fox told, “The fact that policy makers managed to age the most expensive bill for reconciliation in history along with the greatest increase in debt reducing in history is a sign that we have the health of Fiscal seriously.”

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Akabas pointed out that the inclusion of the debt limit in OBBA represents the first time that it has been raised through the budget reconciliation process, which he said is “a recognition that any of the two parties does not really look at the point of debt as an effective tool to restrict financial. Debt Somewhere between $ 3 and 4 trillion dollars. ”

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With a debt limit worth $ 5 trillion of what it was earlier this year, and now he sits with more than $ 41 trillion, legislators may have a few years until the debt limits are approaching again, although Akabas indicated that the experience makes it reasonable to doubt the start of serious controversy over financial reforms.

He pointed out that there is a variety of Suggestions in Congress And in the political circles to reform the debt limit, such as the establishment of a financial committee that would make budget reforms, or legislation such as the responsible budget law. This suggestion would enhance the effect of the potential debt limit on the economy by allowing the suspension of the debt limit in exchange for Congress voting on specific measures to reduce debt.

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