US national debt hits $40 trillion, rising by $90K per second

Live updates

1. 25d ago

   US national debt hits $40 trillion, rising at $90K per second

   The United States national debt has exceeded $40 trillion, doubling since 2017 under the administrations of Donald Trump and Joe Biden. The debt is currently increasing at a rate of $90,000 per second. This milestone follows a period of rapid growth amid tax cuts and trillions in pandemic spending.

   Why it matters

   The national debt has significant implications for the nation's interest payments and may affect mortgage and loan costs for citizens. The rapid growth of the debt has raised concerns about its sustainability and potential impact on the economy. The debt has grown substantially over the past decade, with a significant increase in recent years.

   What is confirmed

   • The U.S. national debt has exceeded $40 trillion.
   • The national debt has doubled since 2017.
   • The debt is increasing at a rate of $90,000 per second.
   • The growth in debt is attributed to tax cuts and pandemic spending.

   Still unconfirmed

   • Long-term borrowing costs have eased following government intervention.

   What to watch next

   • Upcoming economic data releases
   • Federal Reserve interest rate decisions
   • Government budget and spending announcements
   Sources used for this update (5)

   1. consent.yahoo.com — US National Debt Hits Record $40 Trillion: Here's Every Citizen's Share
   2. www.cbsnews.com — National debt tops $40 trillion after doubling in less than a decade, Treasury data shows
   3. www.scientificamerican.com — The mathematical reality behind a $40-trillion national debt
   4. time.com — How Much the National Debt Grew Under Trump and Biden
   5. www.businessinsider.com — What's happening with the national debt — and how it could affect your wallet
   confidence 90%
2. 26d ago

   US National Debt Surpasses $40 Trillion

   The United States national debt has exceeded $40 trillion for the first time. The debt is currently increasing at a rate of $90,000 per second. This milestone follows a period of rapid growth where the total debt doubled since 2017 under the administrations of Donald Trump and Joe Biden. While some reports indicate borrowing costs are surging, other sources state that long-term borrowing costs have eased following government intervention. Scott Bessent has stepped in as a key figure managing US bonds amid the rising debt levels.

   Why it matters

   The rapid accumulation of debt creates tension between political parties over fiscal responsibility. Democrats have claimed Republicans ran up the tab, while the total reflects spending increases across multiple presidencies. High debt levels can lead to increased borrowing costs and financial instability.

   What is confirmed

   • US government debt has passed the $40 trillion mark for the first time.
   • The national debt has doubled since 2017.
   • The debt increased under both the Trump and Biden administrations.

   Still unconfirmed

   • The national debt is rising by $90,000 per second.
   • America faces a doom loop as it falls into a $56 trillion hole.
   • US long-term borrowing costs have eased after government intervention.
   • Borrowing costs are surging while Washington ignores the issue.

   What to watch next

   • Official Treasury Department reports on debt growth rates
   • Legislative proposals to address the $40 trillion debt ceiling
   • Market reactions to Scott Bessent's bond management strategies
   Sources used for this update (15)

   1. BBC — US long-term borrowing costs ease after government steps in
   2. The New York Times — U.S. Debt Hits $40 Trillion as America’s Borrowing Binge Continues
   3. CNBC — U.S. government debt passes $40 trillion mark for the first time
   4. Reuters — US debt crosses $40 trillion threshold after doubling under Trump and Biden
   5. CNN — National debt reaches grim $40 trillion milestone. Here’s why that matters
   6. NBC News — America’s borrowing costs are surging. Washington is shrugging.
   7. WJLA — US national debt hits $40 trillion, rising by $90K per second
   8. SMH.com.au — Trump’s America faces a ‘doom loop’ as it falls in a $56 trillion hole
   9. NBC 7 San Diego — The U.S. national debt now stands at $40 trillion, doubling since 2017
   10. WSJ — U.S. Debt Soars and Scott Bessent Steps in as America’s Bond Trader in Chief
   11. WSJ — U.S. Debt Just Topped $40 Trillion: How We Got Here
   12. AP News — US national debt hits $40 trillion, Trump picks Dr. Heidi Overton to lead FDA
   confidence 90%