If Republicans pass their tax and spending megabill, the record will arrive even sooner — putting America’s debt at more than 113 percent of the size of its entire economy.
The legislation includes tax cuts as well as big cuts to Medicaid, food benefits and other programs, and it would add more than $3 trillion to the national debt.
Elon Musk’s team started a behind-the-scenes push for White House control over federal spending that is now an undercurrent of the government shutdown.