US national debt exceeds $40 trillion for first time amid rising borrowing
- The US gross national debt has surged past $40 trillion for the first time, government data showed Wednesday, outstripping earlier forecasts at a pace fuelled in part by President Donald Trump's invalidated tariffs.
- The uptick in borrowing comes as longer term US obligations linked to social security and health care have been growing, while interest payments have climbed as well.
- Total public debt outstanding stood at $40.05 trillion at the close of business Tuesday, according to data released Wednesday by the Treasury Department.
Unverified
- The US gross national debt has surged past $40 trillion for the first time, government data showed Wednesday, outstripping earlier forecasts at a pace fuelled in part by President Donald Trump's invalidated tariffs.
- The uptick in borrowing comes as longer term US obligations linked to social security and health care have been growing, while interest payments have climbed as well.
- Total public debt outstanding stood at $40.05 trillion at the close of business Tuesday, according to data released Wednesday by the Treasury Department.
Sources: France 24