# US debt tops $40 trillion in staggering milestone

https://mins.news/en/video/27897

- Global News, 2026-08-21 01:00 UTC
- Economy
- Original: https://www.youtube.com/watch?v=D_DwkmcbDRk

> U.S. national debt has surpassed $40 trillion, reaching a record high as the president’s approval rating falls to a new low. The growing debt could affect countries beyond the United States, potentially raising borrowing costs for Canadians. Michael Peterson of the Peterson Foundation attributes the situation to years of fiscal irresponsibility by both Democrats and Republicans, with demographics among the major factors.

## Stories

- [US Interest Rate Policy and Economic Data](https://mins.news/en/topic/us-labor-market-and-jobs-data) — Markdown: https://mins.news/en/topic/us-labor-market-and-jobs-data.md

## Related coverage

- [What $40 Trillion in U.S. Debt Means for America’s Bottom Line; Drive to Decision Day in Ohio | Aug. 20](https://mins.news/en/video/27828) — NBC News, 2026-08-20
- [US national debt hits $40 trillion: Here’s the impact on average Americans](https://mins.news/en/video/27753) — ABC News, 2026-08-20
- [US national debt tops $40 trillion for first time, dealing blow to Trump](https://mins.news/en/item/27323) — France 24, 2026-08-20
- [US debt hits $40 trillion: Who does Washington owe and why does it matter?](https://mins.news/en/item/27339) — Al Jazeera, 2026-08-20
- [Democrats and Republicans outraged as US national debt tops $40tn](https://mins.news/en/item/27195) — The Guardian, 2026-08-20
- [US national debt passes record $40 trillion](https://mins.news/en/item/26766) — Al Jazeera, 2026-08-19