US gross national debt tops $40tn for first time
by Lauren Aratani from US news | The Guardian on (#77T0P)
Milestone marks years of government spending that grew under both Donald Trump and Joe Biden
US debt reached $40tn for the first time on Wednesday, the US treasury department said, after the government deficit doubled over the last decade.
The treasury's latest debt balance showed $40.047tn on Tuesday afternoon, the highest in US history.
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