North America Associated Press
US National Debt Surpasses Record $40 Trillion Amid Growing Budget Deficits
The US national debt has hit a record $40 trillion, surpassing previous milestones due to increasing defense costs, social programs, and interest payments.
The US national debt has reached a record $40 trillion, surpassing previous milestones due to increasing defense costs, social programs such as Social Security and Medicare, and interest on the debt itself. This significant milestone highlights growing concerns about the nation's long-term fiscal health. The national debt now accounts for nearly 140% of the country's gross domestic product (GDP).
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