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The United States national debt is rapidly approaching $37 trillion with no signs of slowing down as President Donald Trump’s latest bill is projected to raise budget deficits by $2.4 trillion over a decade, according to the Congressional Budget Office (CBO) dynamic analysis.
Senators from both parties expressed concern about the staggering debt crisis in interviews on Capitol Hill.
“I’m very, very deeply concerned about that,” said Sen. John Fetterman, D-Pa. “I think that’s gonna be part of the next big crisis, where we are gonna have to confront our national debt because it wasn’t that long ago that a trillion was unthinkable, and now that there’s 40 trillion approaching in our debt, we really have to address it, honestly.”
Trump signed his bill into law by Congress’ self-imposed July 4 deadline. It includes key campaign promises fulfillment through tax cuts and reforms to immigration, energy, and Medicaid.
The U.S. national debt is more than $36 trillion. (Fox News Digital)
Conservative fiscal hawks, including Rep. Thomas Massie, R-Ky., who voted no, spoke out against the bill’s contribution to the national debt.
Sen. Katie Britt, R-Ala., a Trump ally and advocate for the bill, emphasized the need for tough conversations at this moment.
She stressed the importance of being more responsible with taxpayer dollars, emphasizing the impact on programs like Social Security and Medicare.
Elon Musk led the effort to cut waste, fraud, and abuse in government spending. ( Francis Chung/Politico/Bloomberg via Getty Images)
Senator Bernie Moreno, R-Ohio, described the U.S. debt crisis as a moral failing to future generations.
Senator Rick Scott, R-Fla., emphasized the urgency to balance the budget to control interest rates and inflation.
Senator Ron Johnson, R-Wisc., echoed the need to focus on reducing spending to pre-pandemic levels.
Demonstrators carry cardboard caskets in front of the U.S. Capitol in protest of President Donald Trump’s tax breaks and spending cuts package on Monday, June 30, 2025, in Washington, D.C. (AP Photo/Julia Demaree Nikhinson)
Senator Ed Markey, D-Mass., highlighted the need to reverse tax breaks for the wealthy and re-examine the defense budget.
Trump’s bill extended the 2017 Tax Cuts and Jobs Act (TCJA) and introduced new tax breaks.
Markey emphasized the potential savings by reevaluating tax policies and defense spending.
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