Former U.S. Ambassador Nikki Haley took aim at Congress on Monday, accusing lawmakers of ignoring the nation's ballooning debt as the House and Senate headed off for summer recess.
In a post on X, Haley highlighted the staggering pace of borrowing: Washington is borrowing $60,000 every second and paying $24 billion a week in interest alone. She criticized both chambers for taking a break while the financial situation worsens.
"Our national debt is spiraling while the House is on summer vacation and the Senate can't wait to take their own," Haley wrote.
The U.S. national debt currently sits at about $39.63 trillion, having crossed the $39 trillion mark earlier this year. The federal debt-to-GDP ratio is now 122.53%, according to the U.S. Debt Clock, a level not seen since the aftermath of World War II.
Meanwhile, House Republicans narrowly approved a budget measure last week that would allow them to advance a $95 billion spending package through the Senate using reconciliation, bypassing the 60-vote threshold. If passed later this year, about $60 billion of that would go to the Pentagon, adding to the roughly $1 trillion already allocated for military spending this year as the Trump administration continues its war with Iran.
Concerns about the debt aren't limited to politicians. Investor and "All-In Podcast" co-host Jason Calacanis recently said President Donald Trump has failed to deliver on his campaign promise to reduce the national debt, and is on track to add more debt during his second term than his first. In June, billionaire investor Ray Dalio warned that the U.S. is entering a "particularly risky period" due to persistent budget deficits, rising borrowing costs, and weakening demand for government debt.







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