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US debt crosses $40 trillion threshold after doubling under Trump and Biden
Interest costs now make up about half of this year’s $2 trillion borrowing need, according to Treasury data.
- U.S. national debt has surpassed $40 trillion for the first time, marking a doubling from roughly $19.95 trillion in 2017 and underscoring the rapid expansion of federal borrowing.
- Both the Trump and Biden administrations oversaw major increases in the debt, with Reuters estimating that Trump’s terms have added about $11.6 trillion and Biden’s presidency about $8.4 trillion, alongside pandemic spending and persistent budget deficits.
- Rising interest costs and spending on Social Security and health programs are putting increasing pressure on the federal budget, with interest payments now exceeding Medicare spending as an expense.
- Economists and fiscal watchdogs are warning that continued deficits could create greater financial risks, while weaker demand for U.S. government bonds and higher long-term Treasury yields are adding to concerns about the country’s fiscal outlook.
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The Bakersfield CalifornianReposted by 
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KHQ Right NowThe Latest: The US national debt hits a record $40 trillion
The United States’ debt has surpassed a record $40 trillion, a staggering milestone as defense costs, social programs and interest on the burgeoning deficit make up an enormous share of federal spending. Wednesday's figure was recorded just five months after…
·Bakersfield, United States
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US President Trump doesn't want to know about saving, the most important questions and answers to the American debt problem.
·Zürich, Switzerland
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What does the $40 trillion US federal debt mean for India and Indians
Economists have a name for what happens when a central bank’s independence quietly bends under the weight of government borrowing needs: fiscal dominance. It’s the slow drift toward that condition, not some Hollywood-style default, that should worry anyone watching from outside America’s borders.
·Delhi, India
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Coverage Details
Total News Sources328
Leaning Left62Leaning Right60Center111Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 26%
C 48%
R 26%
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