State of the Union: Vice President Vance said the Trump administration had inherited a troubled economy.
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.
This story appeared in Today, Explained, a daily newsletter that helps you understand the most compelling news and stories of the day. Subscribe here. America’s national debt cleared $40 trillion for the first time ever on Wednesday, a number so comically large as to feel imaginary. Seriously — look at it in all of its comma-strewn glory:…
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…
