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United States· WashingtonUS National Debt Reaches $40 Trillion, Sparks Economic Concerns
The US national debt has surpassed $40 trillion for the first time, raising alarms about rising borrowing costs and long-term economic stability, with some blaming the Trump administration's spending.
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US National Debt Surpasses $40 Trillion, Sparking Fiscal Concerns
First report 5h agoLast update 1h agoMany express alarm over the unprecedented growth of the national debt, its implications for the US economy, and the need for fiscal responsibility.
Some officials, like Treasury Secretary Scott Bessent, downplay the immediate significance of the $40 trillion figure, suggesting the US will 'grow its way out'.
US National Debt Surpasses $40 Trillion, Sparking Fiscal Crisis Concerns
First report 5h agoLast update 1h agoMany express alarm over the rapid increase in national debt, its implications for the economy, and the need for spending cuts, despite past promises to reduce it.
The US Treasury Secretary downplays the significance of the $40 trillion debt figure, suggesting the country will 'grow its way out of this'.
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