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The debt has more than doubled in a decade to reach a milestone $40tn (£29.4tn), Treasury figures show.
Last updated: 2026-08-23 07:38:12 ET
The debt has more than doubled in a decade to reach a milestone $40tn (£29.4tn), Treasury figures show.
The U.S. federal debt hit a record $40 trillion this week. The debt has doubled since 2017, and just paying interest on the accumulated debt now costs the government more than $1 trillion a year.
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