US National Debt Hits $40 Trillion Milestone

The US gross national debt has surpassed $40 trillion for the first time, doubling over the past decade due to rising costs of social programs, military spending, and tax cuts under Trump and Biden. The milestone comes as 30-year bond interest rates hit nearly 20-year highs, escalating fears of a fiscal crisis.

🐿️ This debt milestone is a bipartisan warning that neither party has a credible plan to balance the budget, and the next president will inherit a fiscal time bomb.