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United States· WashingtonUS National Debt Exceeds $40 Trillion
The U.S. national debt has surpassed 40 trillion U.S. dollars, reaching a new milestone months earlier than anticipated, reflecting increased government spending.
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US National Debt Surpasses $40 Trillion for First Time
First report 3h agoLast update 1h agoMany express alarm as the national debt doubles in nine years, fearing a 'doom loop' where debt and interest costs spiral out of control, exacerbated by the Iran war.
President Trump claims interest rates are 'artificially high' and raised 'for no reason,' while the Treasury Department takes steps to lower them amidst rising borrowing costs.
Some attribute the surge in national debt to the massive war expenditures and supply chain shocks caused by the ongoing Iran conflict, further fueling inflation.
US National Debt Surpasses $40 Trillion for First Time
First report 3h agoLast update 1h agoMany express alarm as the national debt reaches an unprecedented $40 trillion, fearing a 'doom loop' and economic instability.
The Treasury Department is taking steps to lower interest rates on long-term debt, which have been rising and increasing borrowing costs.
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