US national debt hits a record $40 trillion | AP News
- WASHINGTON (AP) — The national debt surpassed a record $40 trillion on Wednesday, a staggering milestone as defense costs, social programs like Social Security and Medicare and interest on the burgeoning deficit make up an enormous share of federal spending.
- The milestone figure was recorded just five months after the U.
- hit a record $39 trillion debt in March.
Confirmed
- WASHINGTON (AP) — The national debt surpassed a record $40 trillion on Wednesday, a staggering milestone as defense costs, social programs like Social Security and Medicare and interest on the burgeoning deficit make up an enormous share of federal spending.
- The milestone figure was recorded just five months after the U.
- hit a record $39 trillion debt in March.
Sources: AP, The Independent