EconomyUS debt hits $40 trillion. Matt Egan explains the cost per American

Name: US debt hits $40 trillion. Matt Egan explains the cost per American
Uploaded: 2026-08-20T15:28:55.000Z
Description: US federal debt reached a record $40 trillion on Tuesday, according to the Treasury Department. CNN’s Matt Egan examines the consequences this milestone could bring for Americans, businesses and the government over the coming years, along with recent trends that have intensified concern among budget and financial-market experts.

US federal debt reached a record $40 trillion on Tuesday, according to the Treasury Department. CNN’s Matt Egan examines the consequences this milestone could bring for Americans, businesses and the government over the coming years, along with recent trends that have intensified concern among budget and financial-market experts.

CNN 2026-08-20 15:28