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Trump's First Year: National Debt Surges to $38.4 Trillion

1/21/2026

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Summary

Story summary

In his first year back, U.S. President Donald Trump increased the national debt by about $2.25 trillion, reaching $38.4 trillion.
The rise was driven by high borrowing rates, raising budget experts’ concerns about fiscal vulnerability.
Interest payments on the debt are projected to exceed $1 trillion annually, complicating deficit management.
Polls show 82% of Americans view the national debt as a critical issue amid ongoing financial challenges.

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Story summary

In his first year back, U.S. President Donald Trump increased the national debt by about $2.25 trillion, reaching $38.4 trillion.
The rise was driven by high borrowing rates, raising budget experts’ concerns about fiscal vulnerability.
Interest payments on the debt are projected to exceed $1 trillion annually, complicating deficit management.
Polls show 82% of Americans view the national debt as a critical issue amid ongoing financial challenges.