Trump Treasury Secretary Flails as National Debt Passes $40 Trillion

Treasury Secretary Scott Bessent Says the US Must Grow Its Way Out of the National Debt

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

It comes after the interest rate on 30-year bonds reached the highest level in almost 20 years.

Vance: Bessent has ‘very discreet plan’ to shrink $40 trillion national debt

Vice President Vance said Thursday night that Treasury Secretary Scott Bessent has a “very discreet plan” to shrink the nation’s debt. “He [Bessent] has had a very discreet plan, of course, supported by the president of the United States, to get the United States to a point where our economy is growing faster than our…

The US national debt now stands at $40 trillion

The U.S. national debt has surpassed $40 trillion, raising concerns about spending, borrowing costs and America’s economic future.

Does anyone in politics care about a $40 trillion national debt?

The national debt hit yet another record on Wednesday, and political leaders mostly yawned. It wasn’t always this way. Deficits and debt were among the driving issues of the 1992 presidential campaign, nearly upending national politics. Paul Tsongas, the former liberal senator from Massachusetts, ran for the Democratic presidential nomination on a platform…