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US Debt Hits $40 Trillion | Eau Claire News
The U.S. national debt just shattered another record, hitting $40 trillion — up from $39 trillion just five months ago and $38 trillion five months before that. Driven by defense, Social Security, Medicare, and mounting interest costs, this ballooning debt is straining the economy, pushing up mortgage and car loan rates, and squeezing wage growth as businesses cut back. While the White House vows to slash waste and boost growth to improve the debt-to-GDP ratio, Americans are already feeling the pinch — and the debate over how to manage this financial crisis is far from over. Listen in…
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