
The Kobeissi Letter|Oct 18, 2025 13:30
BREAKING: Total US public debt has hit record 37.9 TRILLION.
This marks a +400 BILLION jump this month, or +25 billion per day.
Federal debt has now surged +1.7 TRILLION since the debt ceiling was raised in July, rising over +425 billion every month.
At the current pace, total debt would hit a record 40 trillion by as soon as 2026.
As a result, the Debt-to-GDP ratio now stands at 124%, the highest since 2021 and near the 2020 record.
The US debt crisis has reached unprecedented levels.(The Kobeissi Letter)
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