U.S. debt hits $40 trillion faster than investors expected
The landmark number was reached in part because of lost revenue from invalidated tariffs.
Last updated: 2026-08-20 02:59:00 ET
The landmark number was reached in part because of lost revenue from invalidated tariffs.
Federal debt has mounted amid tax cuts and trillions in pandemic spending, adding to the nation's interest payments.
President Trump’s promises to restore fiscal order and reduce the amount of America’s debt burden have been hampered by spending on the Iran war, ...
The U.S. has reached a new borrowing milestone in its struggle to get hold of its finances.
The federal debt reached $40 trillion as the government adds red ink at a rapid rate. That's leading nervous investors to demand higher interest rates...
The United States national debt surpassed $40 trillion for the first time on Tuesday, reaching another historic milestone as the federal government co...
European governments, facing a nearly $1 trillion gap in investment funding, are casting a wide net to back start-ups developing pioneering technologi...
A research group looked at the consequences for a student financing college, a family buying a home and a Social Security recipient.
Faster borrowing — driven in part by lost revenue from invalidated tariffs — means the next debt-limit fight is also likely to arrive ahead of schedule.
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