ALBAWABA- The U.S. national debt has surpassed $40 trillion for the first time, reaching $40.047 trillion at the close of business on Wednesday, accordi

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…

Federal debt has mounted amid tax cuts and trillions in pandemic spending, adding to the nation's interest payments.

The national debt is now over $40 trillion, a historic high that economists warn is bad news for the United States.