The article discusses a forecast by the IMF indicating that the U.S. national debt is set to surpass that of Greece and Italy by 2030, primarily due to spending from Donald Trump's "One Big Beautiful Bill." It highlights the rising debt-to-GDP ratio and critiques the administration's financial management, including tax cuts and spending on immigration enforcement, while noting that the debt has reached a record high of $38 trillion.

The U.S. national debt has surpassed $38 trillion, marking the fastest accumulation of $1 trillion outside the pandemic, coinciding with a federal government shutdown. Experts warn that rising debt could lead to higher inflation and decreased purchasing power for future generations, raising concerns about the fiscal responsibilities of lawmakers.

The article discusses the United States reaching a gross national debt of $38 trillion, highlighting the implications of this milestone on the economy and government policies. It also touches on the ongoing debates regarding fiscal responsibility and the management of national finances.