How the U.S. Went $40 Trillion in Debt

How the U.S. government went from a balanced budget to $40 trillion in debt

The U.S. national debt reached another record high of $40 trillion, as the government hasn't balanced its budget since the late 1990s. NBC News' Ryan Nobles takes a look at how the debt keeps snowballing across presidents from both parties.

If You Think the U.S. National Debt Is $40 Trillion, You're Off by $130 Trillion

What America’s $40 trillion debt means for taxpayers

The Treasury Department announced this week that the U.S.’s national debt surpassed $40 trillion, a grim milestone that promises to have a reverberating impact on millions of citizens. The debt, valued at around $120,000 per taxpayer, has been incurred because the government has been steadily spending more than it collects in taxes, creating a gaping…