Tag Archives: national debt

The U.S. national debt surpassed $40 trillion on Wednesday, reaching another record level as the federal government continues to spend more than it collects in revenue and shows little sign of slowing the pace of borrowing. The Treasury Department reported the milestone in its daily financial update, marking the latest …

The U.S. government’s gross national debt has topped $37 trillion for the first time, according to new Treasury Department figures released Tuesday, marking a historic milestone that has arrived years earlier than budget forecasters once predicted. The record, driven by pandemic-era borrowing and fresh spending measures, underscores the mounting cost …