U.S. Debt Crisis Surges as Interest Costs Hit Historic Levels, Threatening the Economy
The U.S. debt crisis has deepened, with interest payments reaching $1 trillion in just 10 months,
signaling unprecedented pressure on the economy and White House plans.
Content
United States
ChatGPT
United States
America: U.S. Debt Crisis Deepens as Interest Costs Reach Historic Highs
The U.S. debt crisis is escalating rapidly, threatening the stability of the world’s largest economy and creating major obstacles to President Donald Trump’s plans to curb spending and reduce the budget deficit. Amid these pressures, Trump is urging the Federal Reserve to deliver a sharp and swift interest rate cut, hoping to ease the government’s debt servicing burden, which has reached record levels in fiscal year 2025.
Data from the Treasury Department showed that interest expenses on U.S. debt hit $1 trillion during the first ten months of fiscal year 2025 — the highest ever for this period. Projections indicate that total interest payments may exceed $1.2 trillion by year-end, setting a new historical record.
Over the past 12 months, interest payments rose to $1.2 trillion, making them the second-largest federal spending item after Social Security, which stood at $1.5 trillion. This means debt servicing costs have now surpassed both defense and healthcare allocations, each at about $900 billion.
In August 2025, the Treasury announced that U.S. national debt had surpassed $37 trillion, driven by rising borrowing costs. The situation worsened after the passage of the “Big Beautiful Bill,” which raised the debt ceiling from $36.1 trillion to $41.1 trillion. Within just two days of its approval, national debt jumped by $410 billion.
ChatGPT
Surpasses $2 Billion in Global Consumer Spending Since Launch
The ChatGPT mobile app has crossed $2 billion in global consumer spending since its launch in May 2023, according to analytics firm Appfigures, reported by TechCrunch. This figure is roughly 30 times the combined spending on key rivals including Claude, Copilot, and Grok.
In 2025 alone, ChatGPT apps on iOS and Android generated $1.35 billion in revenue, a 673% surge compared to just $174 million in the same period last year. That equals an average monthly revenue of about $193 million, versus only $25 million per month in 2024.
On the downloads front, the app has been installed 690 million times worldwide, compared to just 39.5 million for Grok. India tops the list with 13.7% of total downloads, followed by the U.S. at 10.3%. In 2025 alone, the app saw 318 million downloads, about 2.8 times more than the same period in 2024, with iOS downloads reaching 30 million in June alone.
U.S. Debt Crisis Surges as Interest Costs Hit Historic Levels