Tag: debt exceeds

  • US national debt exceeds US$40 trillion for first time

    US national debt exceeds US$40 trillion for first time

    WASHINGTON: The US gross national debt has surged past US$40 trillion for the first time, government data showed on Wednesday (Aug 19), outstripping earlier forecasts at a pace fuelled in part by President Donald Trump’s invalidated tariffs.The uptick in borrowing comes as longer-term US obligations linked to

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