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U.S. Debt Hits $40 Trillion Threshold | Tulsa News
The U.S. national debt has shattered a major milestone, hitting over $40 trillion for the first time — a staggering leap that’s more than doubled since 2016. With annual deficits projected at $1.5 trillion and tax receipts failing to meet expectations for three straight months, the fiscal crisis is accelerating. Experts warn that ballooning spending on essential programs and debt servicing, fueled by recent tax cuts, threatens economic stability, inflation, and long-term financial health — all while the deficit for this year alone already stands at $1.2 trillion with two months left to go…
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