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America’s mounting debt has long raised concerns. But following the Treasury Department’s latest report, some experts say the situation has reached a breaking point — the nation is now effectively “insolvent.”
“The U.S. government is insolvent. That’s not hyperbole,” wrote Steve Hanke, professor of applied economics at Johns Hopkins University and David M. Walker, former U.S. Comptroller General, in a recent Fortune op-ed (1).
They pointed to newly-released Treasury financial statements showing that as of Sept. 30, 2025, the federal government held $6.06 trillion in total assets against a staggering $47.78…