The U.S. debt crisis continues to intensify. During the transition between the previous fiscal year and the current one, Washington’s debt surged, approaching $38 trillion.
According to the U.S. Treasury Department, the debt increased by a record $358 billion in just two days during the shift to the new fiscal year.
On September 30, 2025, the last day of the U.S. fiscal year, the debt rose by $131 billion, followed by an increase of $226.5 billion on October 1, 2025, the first day of the current fiscal year, bringing total U.S. debt to approximately $37.86 trillion.
In the United States, the federal government’s fiscal year runs from October 1 to September 30 of the following year.
The main driver of the increase came from the U.S. government’s obligations to federal agencies, which grew by $266 billion.
Warnings About the Risks of Rising U.S. Debt
The United States now spends about 44%…
