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US national debt passes $40tn after doubling in a decade

The US national debt has officially exceeded $40 trillion, doubling in just a decade due to extensive spending by both Trump and Biden. Experts warn that rising interest costs and inflation could lead to future crises as the Congressional B...

BBC News· Aug 20, 2026 · 10:51 AM · 27 views

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The US national debt has officially exceeded $40 trillion, doubling in just a decade due to extensive spending by both Trump and Biden. Experts warn that rising interest costs and inflation could lead to future crises as the Congressional Budget Office projects the debt will reach $64 trillion by 2036.

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#news #breaking #finance #economy #debt

Originally reported by BBC News. Read the full story →

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