U.S. Debt Hits $40 Trillion as America’s Borrowing Binge Continues

President Trump’s promises to restore fiscal order and reduce the amount of America’s debt burden have been hampered by spending on the Iran war, tax cuts and tariff refunds.

By Alan Rappeport

The U.S. debt tops a record-shattering $40 trillion. Yes, with a T.

The federal debt reached $40 trillion as the government adds red ink at a rapid rate. That's leading nervous investors to demand higher interest rates —pushing up borrowing costs for everyone else.

By Scott Horsley

U.S. government debt passes $40 trillion mark for the first time

US national debt crosses $40 trillion mark after more than doubling in only a decade

‘It is staggering how predictable the fiscal decline of a global power can become,’ the president of the Committee for a Responsible Federal Budget said

By David Lawder and Jacob Bogage

US national debt tops $40 trillion for first time, doubled under presidents Trump, Biden

The federal government's IOU has now more than doubled in less than a decade, from $19.95 trillion when US President Donald Trump was sworn in for the first time in January 2017.

Trump Put Many Soldiers On Washington's Streets. They Seldom Stop Crime

President Donald Trump deployed thousands of National Guard troops to Washington last summer as the centrepiece of what he describes as a no-holds-barred effort to combat crime, especially in cities run by Democrats.

Gross national debt tops $40T, more than doubling in a decade

US national debt exceeds $40tn, govt data shows

US national debt has surpassed $40 trillion, driven by increased borrowing and rising interest payments. Learn how this impacts the US economy and global m Read More: https://punchng.com/us-national-debt-exceeds-40tn-govt-data-shows/

By Punch Newspapers