EconomyUS debt crosses $40 trillion threshold after doubling under Trump and Biden
The U.S. Treasury said total national debt has surpassed $40 trillion for the first time. Fresh warnings say a fiscal crisis is developing as the costs of social safety-net programs and interest payments greatly exceed revenues constrained by tax cuts.
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Reuters★★★★☆2026-08-19 20:25Original
US debt crosses $40 trillion threshold after doubling under Trump and Biden
Economy