US National Debt Exceeds $40 Trillion for First Time Amid Rising Borrowing
Treasury officials doubled buyback operations to $4 billion as long-term yields rose and deficit warnings intensified after the debt crossed $40 trillion.
- On Wednesday, the Treasury Department reported total public debt topped $40 trillion for the first time, drawing fresh warnings that a fiscal crisis is brewing as costs for safety-net programs and interest payments far outstrip federal revenues.
- Roughly 60 per cent of the $7 trillion annual federal budget is earmarked for 'mandatory' programs, including Social Security, Medicare, and Medicaid, while another $1.1 trillion pays interest on borrowing costs that continue rising.
- Treasury Secretary Scott Bessent announced a doubling of buyback sizes to at least $4 billion per operation to push long bond yields back, while Oxford Economics notes investors demand greater compensation amid hefty government issuance.
- Public debt rose $11.6 trillion across Donald Trump's two terms, while Joe Biden's term saw an $8.4 trillion increase; the Congressional Budget Office estimates Trump's 'One Big Beautiful Bill Act' will add another $4.7 trillion.
- Margaret Spellings, chief executive of the Bipartisan Policy Center, warned last week that federal programs run on 'autopilot,' with budget watchdog groups cautioning that a debt crisis could erupt unless politicians raise taxes, cut spending, or both.
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20 Articles
The U.S. total public debt exceeded $40 trillion for the first time and grew by one third in less than five years, as U.S. legislators continue to ignore appeals to deal with historically high fiscal deficits, as reported by the Treasury Department on Wednesday. Public Debt: Minister of Finance says that Treasury interest payments are very high and need to be resolved Judicial recovery: Bahia Houses gets temporary protection against creditors in…
US national debt exceeds $40 trillion for first time amid rising borrowing
The US gross national debt surpassed $40 trillion for the first time, Treasury data showed on Wednesday, exceeding earlier forecasts as borrowing, interest costs and long-term obligations rose. Total public debt reached $40.05 trillion on Tuesday, above a Congressional Budget Office forecast of $39.4 trillion by end-fiscal 2026.
Observador
Noticias ao MinutoWashington announced the doubling of securities repurchase operations to support liquidity. Debt growth has accelerated since Trump's return to the White House.
United States Debt Hits $40 Trillion for First Time in History
The United States' debt reached $40 trillion for the first time in history on Wednesday, highlighting the growing fiscal challenges facing the federal government as Washington continues to run large budget deficits. Treasury data showed that the national debt is now $40,047,425,768,420.22, with $32.26 trillion being held by the public and $7.78 trillion held by intragovernmental holdings.
National debt tops $40T as federal borrowing surge continues | Honolulu Star-Advertiser
WASHINGTON >> America’s gross national debt topped $40 trillion for the first time today, an ominous milestone for an economy that sits on a shaky fiscal foundation after decades of borrowing to pay for the rising costs of the military, social safety net programs and President Donald Trump’s tax cuts.
Santa Maria Times
US hits $40T national debt milestone, drawing new warnings that the pace of federal borrowing remains unsustainable
US hits $40T national debt milestone, drawing new warnings that the pace of federal borrowing remains unsustainable.
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