US Debt Hits $40 Trillion Milestone | Business and Finance News

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Recorded19 Aug 2026

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The U.S. national debt has shattered records, hitting $40 trillion and 47 billion for the first time ever — a staggering jump in just days. With annual borrowing costs now exceeding $2 trillion and interest payments alone surpassing $1 trillion (second only to Social Security), the Treasury is scrambling to stabilize markets. Secretary Scott Bessent admits deficits are spiraling due to military spending, tariff refunds, and new tax breaks — while bond yields hit 20-year highs. Experts warn this milestone demands urgent action, but Congress and the White House lack a credible plan to reverse course. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ca0fbd649b1609a7

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