The US national debt has surpassed $39 trillion, with a debt-to-GDP ratio of approximately 123%.

CoinFeed reported on May 20th that the latest data from the U.S. Treasury Department shows that the total federal government debt has exceeded $39 trillion, increasing by more than $1 trillion since October 23, 2025, at an average daily increase of about $5 billion. Currently, the U.S. debt-to-GDP ratio is approximately 123%, far exceeding traditionally safe levels. To reduce the annual deficit to 3% of GDP, the U.S. needs to cut approximately $10 trillion in the deficit over the next decade. Debt interest payments are already roughly equivalent to the combined spending on education and the military. JPMorgan CEO Jamie Dimon and others warned that if investors begin demanding higher yields, the "bond market" could force Washington to tighten fiscal policy. Fiscal responsibility organizations stated that persistently high debt levels increase the risk of a fiscal crisis and called for swift deficit reduction.