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US national debt tops $40 trillion after doubling in a decade
The US national debt has topped $40 trillion for the first time, the Treasury Department said on Wednesday, drawing fresh warnings that a fiscal crisis is brewing as ballooning costs for social safety-net programs and interest payments far outstrip revenues held back by tax cuts.
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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.
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washingtonexaminer.com
National debt crosses $40 trillion in grim milestone
The national debt is now over $40 trillion, a historic high that economists warn is bad news for the United States.
