U.S. Government Debt Surges Past $40 Trillion, Outpacing Congressional Budget Office Progn
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Government debt has eclipsed $40 trillion, passing yet another staggering benchmark for red ink, according to the Treasury Department.
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FortuneU.S. government debt has hit $40 trillion—an alarming milestone for economists who fear the nation’s fiscal policy is spiraling out of control.
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He explained: “When the U.S. borrows this much—and continues to borrow more and more—that drives up interest rates, which then increases household expenses because your mortgage goes up, your car loan, your credit card bills, and inflation more generally. So [we] may not get a bill at the end of the month for national debt, but [we] are paying that bill both in the form of taxes as well as an inflated level of expenses.”
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Epoch Times Business“As Congress considers election year budget proposals, the national debt keeps rising and American families are paying the price through higher interest rates and inflation,” Peterson said in a July 31 statement.
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The national debt is poised to reach $40 trillion this week, months ahead of Congressional Budget Office projections. This follows the federal government’s eye-popping report of
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Epoch Times BusinessThe national debt crossed a historic milestone of $40 trillion this week. It has been about three months since the federal government’s debt hit $39 trillion, according to the Treasury Department’s debt-to-the-penny dashboard.
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Independent claims that didn't surface elsewhere in our corpus. Treat as supplementary — not corroborated across outlets.
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01 ZeroHedge It took the US 200 years to reach its first $1 trillion in debt. It took 95 days to add its last.
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02 Financial Times US government debt hits $40tn as borrowing rises at historic rate Public spending surges despite Donald Trump’s vow to stabilise America’s public finances
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03 Fortune It comes after the Congressional Budget Office (CBO) reported earlier this month that deficits are now so large that the U.S. Treasury is paying $3 billion a day in interest, totaling $963 billion between October 2025 (when the 2026 fiscal year begins) and July 2026.
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04 CNBC The total U.S. IOU hit $40.05 trillion as of Monday, some four and a half years after topping $30 trillion. Years of escalating budget deficits, pushed higher by stimulus funding during the Covid pandemic, have seen the public share of the debt near 100%.
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05 NPR Economy U.S. debt tops $40 trillion Audio will be available later today. The federal debt is growing even faster than expected. Just paying interest on the $40 trillion balance is now the government's second-largest expense, outpacing everything but Social Security.
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06 Epoch Times Business Debt held by the public is around $32.2 trillion, and intragovernmental holdings are close to $7.8 trillion.
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Sources (7)
- ft
- cnbc
- rcmarkets
- epochtimes-biz
- fortune
- npr-economy
- zerohedge