Latest / Sacramento News Today | 2 Min News | The Daily News Now!
U.S. Debt Hits $40 Trillion | Sacramento News
The U.S. national debt just shattered the $40 trillion mark, climbing rapidly from $39 trillion just five months ago — a staggering climb that’s straining the economy and forcing tough choices. Defense, Social Security, Medicare, and ballooning interest payments are major drivers, while everyday Americans feel the squeeze through higher borrowing costs, slower wage growth, and rising prices. With the debt-to-GDP ratio worsening and the U.S. lagging behind other developed nations, experts warn without structural reforms, this could spiral into a fiscal crisis — especially as we approach the…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.