# US debt crosses $40 trillion threshold after doubling under Trump and Biden

https://mins.news/en/item/26624

- Reuters, 2026-08-19 20:25 UTC
- Economy
- Original: https://www.reuters.com/world/us-debt-crosses-40-trillion-threshold-after-doubling-under-trump-biden-2026-08-19/?link_source=ta_bluesky_link&taid=6a861123c69d29000181a534

> 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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