U.S. Debt Hits $40 Trillion as America's Borrowing Binge Continues

Economy And Jobs,National Debt,Federal Debt,Debt Ceiling,Debt

Posted on AllSides August 20, 2026

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America's gross national debt topped $40 trillion for the first time on Wednesday, an ominous milestone for an economy that sits on a shaky fiscal foundation after decades of borrowing to pay for the rising costs of the military, social safety net programs and President Trump's tax cuts.

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