The Latest: The US national debt hits a record $40 trillion
- The United States' debt surpassed a record $40 trillion Wednesday, a staggering milestone as defense costs, social programs 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.
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- The United States' debt surpassed a record $40 trillion Wednesday, a staggering milestone as defense costs, social programs 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: The Independent