G7 Economies Grapple with Mounting Debt as US National Debt Hits $36.5 Trillion

The United States national debt has surged to a record $36.5 trillion, growing at an alarming rate of approximately $1 trillion every 100 days. This escalation has drawn sharp scrutiny from Wall Street, global investors, and financial regulators. Moody’s recent downgrade of America’s AAA credit rating has further rattled confidence, triggering a pullback from government bonds.

April witnessed a sharp sell-off in US Treasuries, pushing 10-year yields to precarious highs and elevating borrowing costs economy-wide. The TRUMP administration’s expansive fiscal policies—projected to add $3.3 trillion to the debt by 2034—have drawn criticism from figures like JPMorgan CEO Jamie Dimon, who warns of a looming bond market crisis. Treasury Secretary Scott Bessent maintains that default is off the table, but skepticism grows as investors brace for sustained pressure on yields.