New York, Aug. 13 -- U.S. total public debt exceeded 37 trillion U.S. dollars, according to data issued by the U.S. Department of the Treasury on Tuesday.
Debt held by the public and intragovernmental holdings read at 29.64 and 7.36 trillion dollars, respectively.
The sum of U.S. public debt stood at 35.46 trillion dollars at the beginning of fiscal year 2024-2025, which started on Oct. 1, 2024, according to a daily treasury statement.
The fast swelling of U.S. debt in the last few years raised grave concerns across the globe.
"The gross national debt hitting 37 trillion U.S. dollars is yet another stunning reminder of the terrible state of federal finances. Spending and revenue are woefully out of balance -- to the tune of nearly 2 tri...