US national debt passes $40tn after doubling in a decade
The US national debt has surpassed $40 trillion, doubling over the past decade as government spending and obligations have accumulated. This milestone comes amid rising interest rates, with 30-year bond yields reaching their highest levels in nearly two decades, making future debt servicing increasingly expensive for the government.
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US national debt passes $40tn after doubling in a decade
The US national debt has surpassed $40 trillion, doubling over the past decade as government spending continues to outpace revenue. This milestone coincides with 30-year bond interest rates hitting their highest levels in nearly two decades, reflecting growing concerns about debt sustainability and the cost of borrowing.
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