CoinWorld news, the total sovereign debt issued by the U.S. Treasury has surpassed $30 trillion for the first time, more than doubling since 2018. Data released on Thursday shows that as of November, the U.S. government's outstanding Treasury bills, notes, and bonds totaled $30.2 trillion. This $30.2 trillion in debt is a major component of the total federal debt of the United States. As of November, the national total debt of the U.S. reached $38.4 trillion, which includes obligations to the Social Security Trust Fund, savings bond holders, and others. According to data from the Securities Industry and Financial Markets Association, the U.S. financed $4.3 trillion through the issuance of these three types of government bonds in 2020, with that year's fiscal deficit exceeding $3 trillion. Although the deficit has since narrowed (falling to about $1.78 trillion in fiscal year 2025), interest payments alone amount to as much as $1.2 trillion. Citigroup interest rate strategist Jason Williams pointed out, "The biggest challenge is interest expenses. Even if tariff revenues reach $300-400 billion, it is still far below the interest we pay on the existing debt. We are like stuck in quicksand; tariffs may slow our sinking a bit, but we are still sinking."