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US Debt Hits $40 Trillion | Guyana News
The U.S. national debt has shattered records, hitting $40 trillion for the first time — a staggering figure that signals a deepening fiscal crisis. Driven by pandemic spending under both Trump and Biden, tax cuts, and ballooning mandatory programs like Social Security and Medicare, the debt has more than doubled in a decade. With interest payments now exceeding defense spending and Treasury yields rising, investors are growing nervous. Experts warn urgent action is needed — raise taxes, cut spending, or both — to avoid long-term economic peril as the nation braces for inflation and global…
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