US debt crosses $40 trillion earlier than analysts expected
TL;DR
The U.S. national debt surpassed $40 trillion per the Treasury, reaching the milestone months sooner than forecasters expected, in part due to lost revenue from invalidated tariffs. The debt ceiling sits at about $41.1 trillion and is expected to be reached early next year, a development that has spooked markets as investors dump Treasuries amid higher borrowing costs.
- U.S. debt hits $40 trillion faster than forecasters expected The Washington Post
- National debt reaches grim $40 trillion milestone. Here’s why that matters CNN
- US Debt Hits $40 Trillion, Trump Says 'We Should Be Paying Much Less' NDTV
- U.S. government debt passes $40 trillion, more than doubling in a decade CNBC
- U.S. Debt Hits $40 Trillion as America’s Borrowing Binge Continues The New York Times
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