US national debt surged $3.6 trillion in the past year following a $5 trillion debt ceiling increase; macro experts warn of fiscal instability.
Macro & Markets ·
The US national debt increased by $3.6 trillion over the past year following a $5 trillion debt ceiling increase signed in early July 2025. Experts including leadership at Rockefeller Capital Management and Ray Dalio have warned of fiscal instability, with Dalio cautioning that the US is approaching a "point of no return."