The increase in this figure is attributed to several factors, including tax cuts, rising military expenditures, and funding for immigration policies initiated by the Donald Trump administration. In August 2025, the debt was $37 trillion, and by the end of October, it had risen to $38 trillion.
Analysts predict that if the current trend continues, the debt could exceed $40 trillion by the time of the midterm elections for the U.S. Congress in November 2026.
The U.S. Government Accountability Office warns of potential consequences of increasing national debt, such as rising interest rates on mortgages and auto loans, higher prices for goods and services, and reduced opportunities for businesses to raise wages.
In light of these events, the Pentagon has approached the president's administration with a request for additional funding of over $200 billion for military operations against Iran. This was reported by The Washington Post, citing its sources.
According to information obtained from sources, the additional funds are needed for urgent replenishment of weapon stocks, which have significantly decreased due to three weeks of intense combat operations. In the first week of operations, the U.S. spent over $11 billion.
However, representatives of the White House administration point to the likelihood that Congress may not approve such a significant amount, as it is comparable to the total aid provided to Ukraine since the beginning of Russia's full-scale invasion, which amounts to about $188 billion.
