The Crushing Weight of America's Debt Burden The latest numbers from the Congressional Budget Office paint a dire picture. In just nine months, the federal government's deficit has swelled to $1.
4 trillion, with the national debt now standing at $39. 64 trillion. This staggering figure is not only large in scale but also reveals deepening economic woes.
At $857 billion, the government's net interest costs over this period are a significant expense, exceeding even the military and Medicare budgets combined.