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U.S. Debt Hits $40 Trillion | US News
U.S. national debt just shattered the $40 trillion mark—up from $39 trillion just five months ago—sparking political blame games as Republicans pin it on spending and Democrats cite tax cuts and foreign conflicts. A July deficit fueled by tariff refunds after a Supreme Court ruling pushed the number higher, with Treasury Secretary Scott Bessent staying calm, confident the economy will grow its way out. Meanwhile, Congress returns to tackle new spending bills, looming shutdown risks, and another debt ceiling showdown by 2027—all while politicians shout solutions but few act. Listen in…
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