US federal debt is up to a record $38.5 trillion in 2025. The national debt officially surged +$2.3 trillion last year, equal to +$6.3 BILLION per day. At this pace, total US debt will rise to $40.0 trillion as early as August. Since 2020, US debt has skyrocketed by +$15.3 trillion, posting a +$2.6 trillion average annual increase. This means US federal debt now stands at $285,733 per household. The US debt crisis is accelerating.