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U.S. Debt Hits $40 Trillion as America’s Borrowing Binge Continues

U.S. Debt Hits $40 Trillion as America’s Borrowing Binge Continues
NYT Business Wednesday 19 August 2026, 20:18 UTC By Alan Rappeport 1 min read
Key Points

President Trump has promised to restore fiscal order, though his biggest initiatives to cut spending and increase revenue have failed to materialize.

President Trump has promised to restore fiscal order, though his biggest initiatives to cut spending and increase revenue have failed to materialize.
U.S. (LOCATION) Trump (PERSON)
Originally published by NYT Business Read original →

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