The U.S. Debt Tops a Record-Shattering $40 Trillion. Yes, with a T.
Treasury data show borrowing reached $39.9 trillion, while the 30-year Treasury yield hit its highest level in nearly two decades.
- On Tuesday, the United States national debt officially crossed $40 trillion, a milestone that arrived as long-term Treasury yields climbed to their highest levels in more than two decades.
- The acceleration follows a drop in federal revenue after the Supreme Court struck down President Donald Trump's "Liberation Day" tariffs, eliminating an estimated $250 billion in anticipated revenue.
- Interest expense on the national debt hit a record $1.4 trillion over the past 12 months, while the 30-year bond auction stopped at 5.216%, a 25-year peak.
- Washington faces another politically explosive debt ceiling fight as Congress raised the legal limit to $41.1 trillion last year, with Treasury potentially relying on "extraordinary measures" to delay the X-date.
- Projections suggest the national debt could balloon to between 154% and 180% of gross domestic product by 2036, prompting Committee for a Responsible Federal Budget President Maya MacGuineas to urge lawmakers to reduce annual deficits to 3% of GDP.
44 Articles
44 Articles
US debt hits record $40 trillion as deficit concerns grow
The U.S. national debt has crossed the $40 trillion mark for the first time, according to Treasury Department data released Wednesday, reflecting the growing pressure on the federal government as borrowing continues to outpace earlier projections. Total public debt outstanding reached $40.05 trillion at the close of business Tuesday. The figure is higher than the Congressional Budget Office’s earlier estimate that U.S. borrowing would reach $39.…
The US national debt now stands at $40 trillion - WSVN 7News | Miami News, Weather, Sports
WASHINGTON (AP) — The national debt surpassed a record $40 trillion on Wednesday, a staggering milestone as defense costs, social programs like Social Security and Medicare and interest on the burgeoning deficit make up an enormous share of federal spending. The milestone figure was recorded just five months after the U.S. hit a record $39 trillion debt in March. It reached $38 trillion five months before that, in October. The unprecedented $40 …
World News Today Live Updates: US debt crosses $40 trillion threshold after doubling across Trump and Biden administrations
World News Today | US Iran War News Live Updates: US national debt has more than doubled since 2017, driven by pandemic borrowing, fiscal policy choices and persistent tax-and-spending imbalances.
Gross indebtedness already accounts for 124% of GDP when the 30-year bond tops in two decades
Malay Mail
AlKhaleej TodayUS national debt tops US$40t for first time, exceeds expectations
WASHINGTON, Aug 20 — The US gross national debt has surged past US$40 trillion (RM161 trillion) for the first time, government data showed yesterday, outstripping earlier forecasts at a pace fuelled in part by President Donald Trump’s invalidated tariffs.The uptick in borrowing comes as longer term US obligations linked to social security and health care have been growing, while interest payments have climbed as well.Total public debt outstandin…
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