US national debt hits $38 trillion as borrowing surges to record highs
The US federal debt has surpassed $38 trillion for the first time. This milestone was reached on January 3, 2026, as borrowing continues to climb at an unprecedented rate. The figure has drawn attention amid concerns over rising interest costs and long-term financial stability.
The debt has been growing by roughly $6 billion each day in recent months. Sustained annual deficits, higher interest payments, and large government spending bills have driven the increase. As a result, more taxpayer money will now be needed to cover interest obligations.
On the same day, Bitcoin supporters marked Genesis Day, a celebration of the cryptocurrency's fixed supply. The contrast between Bitcoin's capped 21 million coins and the expanding national debt was a key talking point. Some investors continue to see Bitcoin and gold as potential safeguards against the risks of heavy borrowing. The $38 trillion mark follows years of rising deficits, with no immediate signs of slowing. Interest payments alone now consume a growing share of federal spending, adding pressure to future budgets.
The debt surge raises questions about long-term fiscal sustainability. Taxpayers will face higher costs to service interest, while policymakers may need to address spending and revenue challenges. Meanwhile, alternative assets like Bitcoin remain a topic of discussion for those seeking protection against economic uncertainty.
