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U.S. Debt Hits $40 Trillion Threshold | US News
The U.S. national debt has surged past $40 trillion—equal to the entire economy’s annual output—a historic level last seen during WWII. Decades of war spending, tax cuts, recessions, and pandemic stimulus have fueled this climb, while an aging population demands more for Social Security and Medicare. The Congressional Budget Office warns debt could hit 120% of GDP by 2036 and soar to 175% by 2056 if trends continue. Though investors still see U.S. debt as safe, interest payments alone may soon rival Social Security and Medicare costs, straining every other budget priority. Listen in…
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