US national debt tops $40 trillion for first time
United States gross national debt has surpassed $40 trillion for the first time, according to Treasury Department data, driven by persistent deficits and rising interest costs.
United States gross national debt has exceeded $40 trillion for the first time, according to data released by the US Treasury Department. Total public debt reached approximately $40.05 trillion, surpassing previous projections by the Congressional Budget Office.
The benchmark comes just five months after the debt level cleared $39 trillion, having more than doubled over the past decade amid persistent federal budget deficits, elevated borrowing, and rising interest costs. Annual government spending continues to outpace revenue by more than $2 trillion, prompting warnings from fiscal analysts regarding long-term economic sustainability.
Sources: France24, Sweden Herald, Daily Sabah, Die Zeit, BBC News
Sources
- France24 — US national debt exceeds $40 trillion for first time amid rising borrowing
- Daily Sabah — US national debt tops $40T for 1st time, doubles in under decade
- Die Zeit — US-Staatsverschuldung: Staatsschulden der USA übersteigen erstmals 40 Billionen US-Dollar
- Sweden Herald — US federal debt tops $40 trillion as deficits keep growing
- BBC News — Why the US economy is ringing alarm bells