U.S. Debt Hits $40 Trillion as America’s Borrowing Binge Continues

Elections Archived • August 19, 2026 •

President Trump’s promises to restore fiscal order and reduce the amount of America’s debt burden have been undercut by spending on the Iran war, tax cuts and tariff refunds.

Source: NYT Politics | https://rss.nytimes.com/services/xml/rss/nyt/Politics.xml - Read Original

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