Discover how Treasury Secretary Bessent’s strategies improved bond market liquidity and managed $1.8T debt efficiently.

The U.S. government’s gross national debt surpassed $38 trillion on Wednesday—just two months after it reached $37 trillion—which comes as the government continues to navigate the federal shutdown.

It’s tough to decide what the most appalling part is of today’s announcement from the Treasury: that we surpassed an unprecedented $38 trillion in gross national debt; that we’ll likely hit the next milestone in just a matter of months; or that we are getting this news amid a government shutdown with seemingly no end in sight.

Well, that was quick -- 71 days to be exact. That’s how long it took for the federal government to add another trillion dollars to the national debt.

The One Big Beautiful Bill recently got signed into law, reducing taxes for many Americans. But what will the hefty cuts mean for the U.S. national debt? Here’s how economic experts say the costs of the OBBB could trickle down and impact American households.

President-elect Donald Trump said Thursday that Congress should get rid of the debt ceiling, a day after he and Elon Musk came out against a deal reached by congressional lawmakers to fund the government before a shutdown occurs, NBC News reports.

In mid-July 2011, 38 percent of Americans said the debt ceiling should be raised, while 31 percent said it shouldn’t. A month earlier, 39 percent opposed raising the debt limit and 28 percent favored it. Polls also find that cutting Medicare and Social ...

House Republicans said Thursday they will propose a plan to lift the federal debt limit for six weeks in exchange for a commitment from President Obama to negotiate a broader fiscal reform package. The move represents a stark reversal for the House GOP ...