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U.S. National Debt Soars Past $37 Trillion Amid Concerns

8/18/2025

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Summary

Story summary

The U.S. gross national debt has exceeded $37 trillion after the One Big Beautiful Bill Act raised the debt limit by $5 trillion.
Experts express concerns about fiscal irresponsibility and the risk of a potential fiscal crisis.
Proposed reforms include establishing a fiscal commission and implementing the Responsible Budgeting Act to address economic risks.

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Story summary

The U.S. gross national debt has exceeded $37 trillion after the One Big Beautiful Bill Act raised the debt limit by $5 trillion.
Experts express concerns about fiscal irresponsibility and the risk of a potential fiscal crisis.
Proposed reforms include establishing a fiscal commission and implementing the Responsible Budgeting Act to address economic risks.