The US government is increasing its national debt at a remarkable rate.
New data from the Treasury Department shows the national debt exploded to over $38.513 trillion on January 26th.
The figure represents an increase of over $132.987 billion in just one month.
In an interview with David Rubenstein at the 2026 State of American Business, JPMorgan Chase CEO Jamie Dimon warns the pace of US borrowing is unsustainable.
“I call this geopolitics and the deficit; I call it more like tectonic plates. They’re difficult. They’re moving. They may crash. We don’t know. And we don’t know when. So it isn’t a 2026 issue. But our deficit is almost $2 trillion this year. Total debt is [$38] trillion…
It is not sustainable. It will not work eventually. I just don’t know when that is.
According to Dimon, the US must find a way to significantly grow its economy. Otherwise, the ballooning debt situation may get out of hand.
The best anecdote is growth. I mean, if you just model anything, growth will make up for it. I always tell people, good policy is free. We’ve already spent $800 billion in K-12. [Not] stopping people from building stuff is free. It’ll create jobs, it’ll create productivity. And so, we have time to get the policy right, to grow the economy. And then we have to start making some other choices, too.”
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