U.S. Debt Hits Historic Levels | Irvine News

The U.S. federal deficit hit a staggering $1.97 trillion in the first 11 months of this fiscal year, pushing national debt toward historic highs. While spending and revenues both rose 3%, interest payments alone—$1 trillion—now exceed defense spending and are second only to Social Security and Medicare. Entitlement programs keep ballooning, Congress resists reform, and recent tariff refunds add fuel to the fire. With the debt-to-GDP ratio set to shatter WWII-era records and new spending proposals on the table, Washington faces an uphill battle to find common ground on fiscal discipline.

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