National debt hits a record $37 trillion, years sooner than pre-pandemic projections

The U.S. government’s gross national debt has surpassed $37 trillion, a record number that highlights the accelerating debt on America’s balance sheet and increased cost pressures on taxpayers.

The $37 trillion update is found in the latest Treasury Department report issued Tuesday which logs the nation’s daily finances.

The national debt eclipsed $37 trillion years sooner than pre-pandemic projections. The Congressional Budget Office’s January 2020 projections had gross federal...