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.

Milestone marks years of government spending that grew under both Donald Trump and Joe BidenUS debt reached $40tn for the first time on Wednesday, the US treasury department said, after the government deficit doubled over the last decade.The treasury’s latest debt balance showed $40.047tn on Tuesday afternoon, the highest in US history.
It comes after the interest rate on 30-year bonds reached the highest level in almost 20 years.
State of the Union: Vice President Vance said the Trump administration had inherited a troubled economy. The post U.S. Debt Tops $40 Trillion for First Time appeared first on The American Conservative.
The national debt exceeded $40 trillion for the first time in history, leading economists to warn that the United States is staring down a fiscal reckoning. The Treasury Department reported on Wednesday that the debt crossed the $40 trillion mark the day before. The government has been running budget deficits for years, and for the…