US national debt exceeds US$40 trillion for first time

WASHINGTON – The US gross national debt has surged past US$40 trillion for the first time, government data showed Wednesday, outstripping earlier forecasts at a pace fuelled in part by President Donald Trump’s invalidated tariffs.  The uptick in borrowing is a blow to Trump, who promised to cut public spending during his 2024 presidential campaign,... The post US national debt exceeds US$40 trillion for first time appeared first on New Era .