US national debt crosses $40 trillion, with charts outlining its rise
TL;DR Summary
US debt has topped $40 trillion, up from about $5.8 trillion in 2000 (roughly $116,800 per American) and has grown nearly 600% since 2000; four charts show the rise, how deficits and spending evolved under Obama, Trump and Biden (Trump up 39.1% in his term, Biden up 30.5%), and the largest dollar increase of $8.45 trillion during Biden’s presidency, with the last federal surplus in 2001 and a graphic comparing $1 trillion to median household income.
- US national debt tops $40 trillion: These four charts offer more context WCVB
- National debt tops $40 trillion after doubling in less than a decade, Treasury data shows CBS News
- Vance: Bessent has ‘very discreet plan’ to shrink $40 trillion national debt NewsNation
- Washington is driving America toward a debt crisis we can't ignore any longer Fox News
- Bessent says there's a 'very good chance' U.S. budget deficit under Trump has peaked CNBC
Reading Insights
Total Reads
0
Unique Readers
4
Time Saved
2 min
vs 2 min read
Condensed
81%
399 → 76 words
Want the full story? Read the original article
Read on WCVB