Washington: The total public debt of the US has reached a record $37 trillion, surpassing the $36 trillion mark that was recorded in November 2024. This milestone marks a significant increase in the nation's financial obligations. According to Anadolu Agency, data from the Treasury Department revealed that the total public debt outstanding stood at $37.005 trillion as of Tuesday. This increase comes less than eight months after the debt first crossed the $36 trillion threshold in late November 2024. The rapid growth in debt is underscored by the fact that the $35 trillion mark was reached in late July 2024. Economists prefer to measure the total public debt without including debt held in intragovernmental accounts, such as the Social Security trust funds. Currently, this debt is predicted to reach 99% of the GDP by the end of this year, as reported by Fox Business.