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US Debt Hits $40 Trillion Milestone | Dayton News
The U.S. is on track to hit $40 trillion in national debt by mid-August—double what it was just a decade ago and now exceeding the entire annual economy. This staggering climb, fueled by decades of bipartisan spending and policies like Trump-era tariffs, is already driving up interest rates, inflation, and borrowing costs. With interest payments nearing $1 trillion—roughly matching Pentagon budgets—and foreign holders like China and Japan holding massive portions, experts warn of severe consequences: slashed public services, higher consumer prices, and even a looming financial crisis if no…
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