The U.S. National Debt Has More Than Doubled In Less Than a Decade, Hitting $40 Trillion For The First Time

The U.S. debt as topped $40 trillion for the first time, doubling in less than a decade. (Credit: AFP via Getty Images/Saul Loeb)

The U.S. national debt hit $40 trillion for the first time on Thursday, more than doubling the amount in less than 10 years.

Reuters detailed that the Treasury's latest daily cash and debt balances statement showed that the figure stood at $40.07 trillion.