<h1>US National Debt Hits $37 Trillion, Surpassing Projections Due to Pandemic Borrowing and New Legislation</h1> The national debt of the United States has reached a record USD37 trillion, surpassing previous projections by nearly a decade due to accelerated borrowing during the COVID-19 pandemic and recent tax and spending legislation. This rapid increase in debt, adding approximately one trillion dollars every five months, raises concerns about rising interest rates, reduced private sector investment, and crowding out of federal budget priorities. Experts emphasize that continued borrowing will increase costs for consumers and businesses, potentially leading to higher prices and lower wages. The debt growth is linked to government policies enacted during and after the pandemic, with projections indicating ongoing substantial borrowing in the coming years. Calls have been made for urgent policy action to address the escalating fiscal challenges.