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Jun 3, 2025  |  
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Stephen Dinan


NextImg:Federal debt hits $35 trillion

The federal government’s total debt now tops $35 trillion, the Treasury Department reported Monday, marking the latest grim milestone in a deteriorating budget picture.

Uncle Sam is now on the hook for $35,001,278,179,208. Of that, $27.8 trillion is debt held by the public, which is the core measure of the country’s indebtedness.

The House Budget Committee said total debt increased more than $2 trillion over the last year and the Peter G. Peterson Foundation, a watchdog, said it will grow another $1 trillion between now and Election Day.

The debt now works out to more than $100,000 per American.

The number ignited a new round of blame.

“We don’t have a $35 trillion-dollar debt because we haven’t taxed enough; we have a trillion-dollar debt because we spend too much,” said Rep. Jodey Arrington, the committee’s chairman.

Total federal debt stood at $27.8 trillion when President Biden took office. It was $19.9 trillion when President Trump started.

• Stephen Dinan can be reached at sdinan@washingtontimes.com.