The increase in this figure is largely due to tax breaks, increased budget spending on defense, and funding for immigration policy implemented by the Donald Trump administration. In August 2025, the debt stood at $37 trillion, but by the end of October, it had risen to $38 trillion.
Experts predict that if the current growth rate continues, by the time of the midterm elections in Congress scheduled for November 2026, the debt could exceed $40 trillion.
The U.S. Government Accountability Office warns that further increases in the national debt could lead to higher interest rates on mortgages and auto loans, rising prices for goods and services, and limit businesses' ability to raise wages.
Against this backdrop, the Pentagon has approached the White House requesting more than $200 billion for military operations against Iran. According to The Washington Post, this information comes from sources familiar with the situation.
They state that funding is needed for urgent replenishment of weapon stocks, which have significantly depleted over three weeks of active combat. In the first week of the conflict, the U.S. spent over $11 billion.
At the same time, sources in the president's administration indicate that Congress may oppose allocating such an amount, as it is comparable to the total amount of aid provided to Ukraine since the beginning of Russia's full-scale aggression, which stands at about $188 billion.
