https://www.live-feeds.com/feed/u-s-debt-hits-40-trillion-as-america-s-borrowing-binge-continuesContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/u-s-debt-hits-40-trillion-as-america-s-borrowing-binge-continueshttps://www.live-feeds.com/feed/u-s-debt-hits-40-trillion-as-america-s-borrowing-binge-continues#u46140Sat, 22 Aug 2026 03:10:23 +0000The United States national debt has exceeded $40 trillion, according to Treasury data. This milestone follows a period where federal debt doubled in less than a decade. The surge resulted from a combination of tax cuts and trillions of dollars spent during the pandemic. This increase has raised the cost of interest payments for the government and may lead to higher costs for consumer loans, including mortgages and auto loans.Why it mattersThe debt grew rapidly under both the Trump and Biden administrations. This trend creates concerns regarding fiscal sustainability and a potential fiscal clif https://www.live-feeds.com/feed/u-s-debt-hits-40-trillion-as-america-s-borrowing-binge-continueshttps://www.live-feeds.com/feed/u-s-debt-hits-40-trillion-as-america-s-borrowing-binge-continues#u45607Thu, 20 Aug 2026 18:10:15 +0000The United States' national debt has exceeded $40 trillion, driven by a borrowing binge that has accelerated under both the Trump and Biden administrations. This milestone raises concerns about the country's fiscal sustainability and the potential for a fiscal cliff in the 2030s. The debt has doubled under the two administrations, with costs of borrowing surging.Why it mattersThe growing national debt has significant implications for the US economy, as high borrowing costs and a large debt burden can lead to increased taxes, reduced government spending, or both. The country's fi