The national debt of the United States has exceeded 38 trillion dollars, according to a recent report from the Department of the Treasury, equivalent to the savings of China, India, and other major countries.

This represents approximately $111,000 for every person in the U.S. This milestone was reached just two months after the debt exceeded $37 trillion. Michael A. Peterson, CEO of the Peter G. Peterson Foundation, criticized lawmakers for their inefficient management of public finances, stating that the constant addition of trillions to the debt is not a viable solution.

Moody's Rating recently downgraded the credit rating of the U.S. government, highlighting the trend of large annual fiscal deficits. Economists warn that the current debt is unsustainable, estimating that it could reach 200% of GDP by 2047, partly due to significant tax cuts.