EconomyUS national debt passes record $40 trillion

US national debt has exceeded $40 trillion for the first time, doubling over the past decade and prompting concerns about a fiscal crisis as spending outpaces revenue. The increase spans the Trump and Biden administrations, while the July deficit reached $432bn.

US national debtfiscal deficitgovernment spending

AAl Jazeera★★★★★2026-08-19 23:59Original