US debt has hit $40tn - Will that be a wake-up call?
- Why the US economy is ringing alarm bells6 hours agoMichael RaceBusiness reporter, New YorkGetty ImagesWhat with a 250th birthday, Taylor Swift's wedding and the football World Cup, Americans could be forgiven for taking their eye off the ball this summer.
- But signs of economic trouble have been building.
- This week they hit the headlines when US national debt passed the $40tn (£29.4tn) mark, raising concerns both at home and abroad.
Confirmed
- Why the US economy is ringing alarm bells6 hours agoMichael RaceBusiness reporter, New YorkGetty ImagesWhat with a 250th birthday, Taylor Swift's wedding and the football World Cup, Americans could be forgiven for taking their eye off the ball this summer.
- But signs of economic trouble have been building.
- This week they hit the headlines when US national debt passed the $40tn (£29.4tn) mark, raising concerns both at home and abroad.
Sources: BBC News