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Debt Hits $40 Trillion and Rising | Salt Lake City News
The national debt has surged past $40 trillion, adding a trillion in just five months — forcing lawmakers into tough fiscal choices. Treasury Secretary Scott Bessent calls the figure “significant” but optimistic, betting on economic growth to outpace debt. The debt has doubled in a decade, from $20 trillion under Trump to $36 trillion by the start of his second term. Experts say balancing the books will require raising revenue and cutting spending — potentially touching Social Security and Medicare — while debates over healthcare reform like Medicare for All rage on, with conflicting…
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