U.S. federal debt reaches $40 trillion
The U.S. federal debt has reached an unprecedented $40 trillion, doubling since 2017. The government now spends over $1 trillion annually just on interest payments for this accumulated debt, representing a significant fiscal challenge.
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Three things to know about the $40 trillion federal debt
The U.S. federal debt has reached an unprecedented $40 trillion, doubling since 2017. The government now spends over $1 trillion annually just on interest payments for this accumulated debt, representing a significant fiscal challenge.
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