The U.S. national debt crossed $40 trillion on Aug. 18, a record high and a milestone that sounds abstract until you convert it into something more familiar: your loan payments.
New economic modeling from The CEO Center, the public policy arm of The Conference Board, puts a dollar figure on what rising federal borrowing actually costs ordinary Americans — a student paying off loans, a family saving for a house, a small business owner expanding, and a retiree counting on Social Security.
