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U.S. national debt about to reach bleak $40 trillion milestone — and it’s likely hit $50 trillion soon

U.S. national debt about to reach bleak $40 trillion milestone — and it’s likely hit $50 trillion soon
MarketWatch Friday 14 August 2026, 12:23 UTC By Jules Rimmer 1 min read
Key Points

Bank of America’s chief equity strategist Michael Hartnett, expects that debt milestone will be reached by 2029. That’s creating some preferences for stocks over bonds.

Bank of America’s chief equity strategist Michael Hartnett, expects that debt milestone will be reached by 2029. That’s creating some preferences for stocks over bonds. [Image text:] THE NATIONAL DEBT $39217515.823.674 PETER G. PETERSON FOUNDATION pgpf.org
U.S. (LOCATION) Bank of America (ORG) Michael Hartnett (PERSON)
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