The US national debt has surged by approximately $571.28 billion this year, pushing total public debt outstanding close to $39 trillion. As of April 7, 2026, the US Treasury reports the total public debt stands at $38.969 trillion. This increase is attributed to large federal deficits and government borrowing.
JPMorgan Chase CEO Jamie Dimon has issued a warning regarding the escalating debt. He indicated that the growing debt burden could lead to broader market stress, with potential for increased market volatility and rising bond yields. Dimon suggested that a lack of willingness to purchase US Treasuries could signal a problem that requires prompt attention.