US national debt crosses $40 trillion for the first time
The total amount of US national debt has passed $40 trillion for the first time, according to Treasury Department data shared on Wednesday. The milestone marks a sharp rise in federal borrowing and comes as officials face renewed scrutiny over the gap between government spending and revenue. The figure is being watched closely because it reflects a long-running fiscal imbalance rather than a one-off event.Treasury data show the debt stood at $19.95 trillion in January 2017, when Donald Trump was sworn in for his first term, and has doubled since then. The increase includes a $3.8 trillion rise since Trump... [Continue Reading]
360LiveNews | 20 Aug 2026 01:30 LONDON
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