I came to Washington to fight for the values that make our country unique – for the economic freedom that gives life to the American Dream.
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National Debt:
On April 08, 2025, the Treasury Department increased its cash on hand by $36.6 billion to $346.6 billion. Over the past 365 days, the total national debt has increased by $1.61 trillion. Debt held by the public has increased by $1.38 trillion over the same period (April 08 2024 – April 08 2025), while intragovernmental debt has grown by $229.2 billion.
During a debt issuance suspension period Treasury does not sell additional debt, so the total federal debt does not increase. Treasury can borrow from certain intragovernmental funds to free up fiscal head space. At the end of the debt issuance suspension period, Treasury will borrow from the public to repay the internal funds. According to Treasury’s last public release, they have $153 billion in extraordinary measures remaining and have used $218 billion.
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Recent News 
WASHINGTON — This week, Rep. David Schweikert, R-Ariz., and Rep. Don Beyer, D-Va., introduced the Advancing American Innovation Act, bipartisan…
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The rate on the 10-year Treasury note has reached 5% twice since 2007: briefly in October 2023 and today.
Today's number should scare Congress. In 2007, debt-to-GDP was 62% and the deficit was 1.1%. Now, debt-to-GDP is 123% and the deficit is above 6%.