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National debt soars past 40 trillion dollars raising fresh inflation worries
Jump to contentAllNewsSportCultureLifestylePresident Donald Trump (L) speaks, flanked by US Secretary of Treasury Scott Bessent, during a roundtable discussion on his "no tax on tips" policy at the AC Hotel Las Vegas Symphony Park (AFP/Getty)The U.S. Treasury Department confirmed that national debt surpassed $40 trillion for the first time, reaching $40.047 trillion. Federal debt has more than doubled in less than a decade because of rapid pandemic borrowing, persistent budget imbalances, and tax cuts. The Committee for a Responsible Federal Budget warned that the mounting debt exacerbates inflation and heightens economic vulnerability. Treasury Secretary Scott Bessent doubled buybacks of long-term Treasuries to suppress yields as long-term bond yields neared two-decade highs. Interest outlays have surpassed Medicare spending as the second-largest federal budget item, driven by expanded borrowing and rising interest rates. In fullUS national debt crosses $40 trillion mark after more than doubling in only a decadeMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
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npr.org
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…
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cbsnews.com
National debt tops $40 trillion after doubling in less than a decade, Treasury data shows
Federal debt has mounted amid tax cuts and trillions in pandemic spending, adding to the nation's interest payments.
