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The Latest Breaking News from National Debt

National debt interest expense has exploded 14% in just 9 months

The huge increase in interest expense has two sources.

Fortune · Aug 24

UK Debt Nears £3T: Mortgage Rates, Fuel Costs, and Household Bills Could Feel the Impact

The UK's national debt approaching £3 trillion impacts mortgage rates, inflation, and public services. The October Budget's implications for household finances and overall economic stability.

International Business Times UK · Aug 24

Taxing all 938 billionaires at 100% wouldn't stop the $40 trillion national debt, says Elon Musk. Bernie Sanders says tax them 5% and send you a check

Elon Musk argues America’s $40 trillion debt is too big for billionaire taxes to fix, but Bernie Sanders says a 5% tax could at least put $3,000 back in your pocket.

Fortune · Aug 23

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The U.S. Debt Just Crossed $40 Trillion. Here's Where Americans Could Feel It First.

Americans are not personally responsible for paying off the national debt, but the real concern is what happens as Washington continues borrowing and must devote an increasing share of federal revenue to interest.

International Business Times · Aug 21

Trump Warned $24T Debt Was 'Point of No Return' Before America Plunged Into $40T Debt Under His Watch

The US national debt has surpassed $40 trillion, doubling since Trump's presidency began, raising concerns about fiscal sustainability and contrasting with his earlier campaign promises to reduce it.

International Business Times UK · Aug 21

Here’s how the US national debt hitting $40 trillion may impact average American

IN FULL

The Independent UK · Aug 20

The US national debt has hit a record $40 trillion — how does this impact the average person

‘Federal debt is already raising the cost of living and choking out other spending and investment,’ said one policy expert

The Independent UK · Aug 20

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Scott Bessent on the national debt: 'There's nothing magic about the $40 trillion number'

"We can grow our way out of that," the Treasury Secretary told CNBC on Thursday.

Fortune · Aug 20

The Latest: The US national debt hits a record $40 trillion

The United States’ debt has surpassed a record $40 trillion, a staggering milestone as defense costs, social programs and interest on the burgeoning deficit make up an enormous share of federal spending

The Independent UK · Aug 20

US debt crosses $40 trillion but everyone still trusts Uncle Sam. But for how long?

TOI correspondent from Washington: The United States’ national debt crossed $40 trillion on Tuesday, a number so large that even breaking it up with commas can scarcely make it comprehensible. As in a 4 followed by 13 zeroes: $40,000,000,000,000!

The Times of India · Aug 20

As U.S. debt hits $40 trillion, Americans will foot the bill: Report finds $700 a month is at stake for retirees, and poses $53,000 hit to families

"Addressing the national debt deserves to be a high priority for both voters and lawmakers, to benefit all Americans."

Fortune · Aug 20

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

U.S. bond yields rebounded on Thursday and reversed the drop they had seen after the Treasury announced increased debt repurchases.

International Business Times · Aug 20

America's Debt Hits $40 Trillion: Over $1T Interest Bill Nearly Matches Defense Spending

US national debt surpasses $40 trillion: find out why annual debt payments now exceed Pentagon spending and what it means for American mortgage rates.

International Business Times UK · Aug 20

Michael Cohen, ex-fixer for Trump who once testified against him, hosts president on his radio show – as it happened

Despite previously comparing him to a ‘mobster’, Trump’s former personal lawyer showers him with praise. This blog is now closed.

The Guardian - US · Aug 20

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Euronews · Aug 20

US debt tops $40 trillion as Treasury doubles bond buybacks to calm markets

The US Treasury moved on Wednesday to calm a bond market rattled by surging borrowing costs, doubling the size of its debt buybacks hours before separate figures confirmed that the national debt had climbed past $40 trillion (€34.4tn) for the first time.

Benzinga · Aug 20

Thomas Massie Says Every American Is Paying $4,000 a Year in Debt Interest, Blames Primary Loss on Fighting Policies Behind $40 Trillion Debt

Rep. Thomas Massie (R-Ky.) said Wednesday that the growing burden of interest payments on the national debt is the direct result of policies he opposed in Congress, a stance that he says cost him his re-election bid.

The Independent UK · Aug 20

National debt soars past 40 trillion dollars raising fresh inflation and economic vulnerability worries

IN FULL

Benzinga · Aug 20

Nikki Haley Warns Social Security Could 'Go Bankrupt' in 5 Years as US Debt Surges Past $40 Trillion: 'Past a Crisis Situation'

Former UN Ambassador Nikki Haley warned that Social Security faces a looming funding crisis as the U.S. national debt surpassed $40 trillion, intensifying concerns over the government’s fiscal outlook.

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Bangkok Post · Aug 20

US national debt exceeds $40 trillion for first time

WASHINGTON - The US gross national debt has surged past $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 Times of India · Aug 20

US debt tops $40 trillion - $20 trillion since Trump first took office

The US national debt has crossed the $40 trillion mark for the first time, according to Treasury data showed on Wednesday. The milestone comes as rising spending on defence, Social Security and Medicare, alongside mounting interest payments, pushes federal borrowing to a record level.

France 24 · Aug 19

US national debt exceeds $40 trillion for the first time, fuelled in part by Trump tariffs

The US gross national debt surpassed $40 trillion for the first time, Treasury data showed on Wednesday, exceeding earlier forecasts as borrowing, interest costs and long-term obligations rose. Total public debt reached $40.05 trillion on Tuesday, above a Congressional Budget Office forecast of $39.4 trillion by the end of fiscal…

The Independent UK · Aug 19

The US national debt now stands at $40 trillion

The national debt has surpassed a record $40 trillion, highlighting the impact of defense costs, social programs, and interest on the deficit

The Guardian - US · Aug 19

US gross national debt tops $40tn for first time

Milestone marks years of government spending that grew under both Donald Trump and Joe Biden

International Business Times · Aug 19

America's $40 Trillion Debt Milestone Is Coming Earlier Than Expected. Interest Costs Are Surging.

The acceleration of the national debt comes partly from an unexpected drop in federal revenue after the Supreme Court struck down President Donald Trump's "Liberation Day" tariffs.

Benzinga · Aug 19

Exclusive: Marjorie Taylor Greene Warns Social Security Will Go ‘Bankrupt’—But Wall Street CIO Backs Scott Bessent Amid 30-Year Yield Surge

As the U.S. 30-year Treasury yield surged past 5.27%—reaching levels not seen since 2007—former Congresswoman Marjorie Taylor Greene voiced concerns over expanding national deficits, warning that Social Security will go “bankrupt in 2032.” However, prominent Wall Street figure Louis Navellier dismissed fiscal panic, backing U.S. Treasury Secretary Scott Bessent and…

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