JUSTTHENEWS (The Center Square Staff) - Congress mum on federal deficit hitting $2 trillion milestone, again
The federal government has collected $4.8 trillion and spent $6.8 trillion in 2026.
The federal government has collected $4.8 trillion and spent $6.8 trillion in 2026.
Bond yields soared on the news, which comes as the U.S. national debt clears $40 trillion.
The U.S. has reached a national debt of $40,000,000,000,000, but what does that mean to you? Chris Stirewalt breaks it all down. #nationaldebt #debt #economy #politics
‘the way you take care of debt is with growth’
A series of bad economic headlines came for President Trump this week as a new U.S.-Canada trade deal failed and the U.S. topped $40 trillion in debt. The Pinpoint Press founder Rick Newman joins Alex Witt to weigh in on these topics and more.
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 U.S. gross national debt exceeded $40 trillion on Wednesday. Vice President JD Vance said Thursday that the Trump administration had inherited a troubled economy. “The issue that we’ve had under the Biden administration, and what we’re still dealing with, is that the debt was growing faster than American GDP,” Vance said, adding that Treasury Secretary Scott Bessent “is very much on top of it.” According to the New York Times , the United States is set to borrow more than $2 trillion this year to cover obligations including the Iran War and tax cuts enacted in 2025. Net interest costs on the national debt approached $1 trillion in 2025, nearly 14 percent of federal spending. The national debt has risen under both…Open
The U.S. national debt hit $40 trillion for the first time in history. Meanwhile, President Trump hosted crypto leaders at the White House where he called on Congress to pass a bill that would directly benefit the industry, which has made his family business $1.4 billion. CNBC Fast Money Contributor Dan Nathan and Former CFPB Director Rohit Chopra join Stephanie Ruhle to share their thoughts.
Trump repeatedly promised to cut the national debt while on the campaign trail. Now, the debt just hit $40 trillion, passing yet another staggering benchmark. Ten years ago, the debt level was at $19.4 trillion.
The milestone highlights the impact of defense costs, social programs and interest on the deficit.