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flag U.S. deficit hits $1.8 trillion in 2025, with debt at $37.86 trillion and rising interest costs.

flag The U.S. federal budget deficit for fiscal year 2025 was $1.8 trillion, nearly unchanged from the prior year despite a $308 billion increase in revenues, largely due to higher tariffs that raised customs duties to $195 billion. flag The Congressional Budget Office projects deficits near $2 trillion annually over the next decade, with national debt expected to reach 118% of GDP by 2035. flag Interest payments on the debt now exceed federal spending on education and veterans’ benefits, highlighting ongoing fiscal challenges. flag As of October 8, 2025, the national debt stood at $37.86 trillion, prompting warnings from experts about long-term sustainability.

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