THENATIONALPULSE (Pulse Wires) - U.S. National Debt Reaches Record $40 Trillion.
The U.S. national debt has reached $40 trillion, raising concerns over long-term economic stability as interest payments outpace defense spending.
The U.S. national debt has reached $40 trillion, raising concerns over long-term economic stability as interest payments outpace defense spending. PULSE POINTS WHAT HAPPENED: The U.S. national debt has reached a historic milestone of $40 trillion, with the federal government on track to borrow over $2 trillion this year alone. Interest payments on the debt have now surpassed defense spending, highlighting the growing financial strain the debt is causing. DETAIL: The debt has remained above 100 percent of GDP since the COVID-19 pandemic, raising concerns about the nation’s fiscal sustainability. Rising interest rates and increasing debt levels have contributed to soaring interest payments. Treasury Secretary Scott Bessent has set a…Open