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Debt Hits $40 Trillion Fast | San Antonio News
The national debt has surged past $40 trillion—adding a trillion in just five months—and experts warn lawmakers are running out of easy fixes. Treasury Secretary Scott Bessent remains optimistic, noting much of the debt is held by government entities like Social Security, and focuses on economic growth as the solution. Over the past decade, the debt has more than doubled—from $20 trillion under Trump to nearly $40 trillion today. Budget experts say tackling the crisis will require painful choices: raising taxes and cutting spending, especially on major entitlements like Social Security and…
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