According to the US Debt Clock, the US National debt is at 36.4 trillion US dollars and growing. The new government has started to implement measures that will reduce government spending and increase revenue, however, at this point, it is unclear as if this measures will result in a reduction of the debt in the short term.
At the current pace, the US National Debt is set to increase about 1 trillion every 3 months. Interestingly, the yearly US Federal spending is about 7 trillion dollars, out of it, 1 trillion is interest payments on debt.
