U.S. National Debt Surpasses $40 Trillion
The U.S. national debt has officially surpassed $40 trillion, marking a significant milestone and raising concerns about its potential impact on the economy. This historic figure was reached on August 1, 2023, according to the U.S. Department of the Treasury. The debt has doubled in less than a decade under the Trump and Biden administrations. Experts and organizations are sounding the alarm about the consequences of this escalating debt.21 sourcesSee all sources