Business

US Debt Hits $40 Trillion: A Growing Concern

Updated 2026-08-20 13:40 UTC 1 source Negative

The United States' national debt has reached an unprecedented $40 trillion. This significant increase in borrowing and spending, driven by both Democratic and Republican administrations, is raising concerns among financial experts.

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Al Jazeera
Heavy borrowing, increased spending and tax cuts by Democratic and Republican administrations have long raised concern.
2026-08-20 13:18 UTC
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