[13/08/2025 01:45]

WASHINGTON-SABA
The federal debt of the United States has continued to rise, reaching $37.005 trillion, an increase of $6.3 billion, continuing the rapid upward trend of the debt, which shows no signs of slowing down.

According to a report from the Budget Office of the U.S. Department of the Treasury, cited by the American network "Fox News", the federal debt could reach $54 trillion within ten years, driven by rising healthcare costs and an increasing number of elderly people, as well as the impact of high-interest rates that increase the burden of debt servicing.

In mid-2023, Fitch Ratings downgraded the long-term credit rating of the United States from AAA to AA+, warning of deteriorating financial conditions and persisting political divisions that hinder addressing the debt crisis.

In May 2025, Moody's downgraded the rating from Aaa to Aa1, indicating that interest payments could rise from 9 percent of federal revenues currently to 30 percent by 2035.

The federal debt has been accelerating in recent years due to the massive spending packages enacted by previous administrations to combat the COVID-19 pandemic and stimulate the economy.

By September 2022, the administration of former U.S. President Joe Biden had added approximately $4.8 trillion to the debt, of which $1.85 trillion was for the American Rescue Plan and $370 billion for the infrastructure project.

The federal debt measures the amount of financial obligations owed by the U.S. government to its creditors, and just four decades ago it was around $907 billion, reflecting a huge leap in its size over a relatively short period of time.

Estimates indicate that interest payments on the debt in the current fiscal year - which begins in October - have already exceeded the combined allocations of the 'Medicare' healthcare program and the defense budget.

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