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SHOCKING: National debt news topic | Mind Blowing Facts

U.S. national debt increased by $5.1 million a minute for the past year, says Congress's economic committee—amounting to $117,279 for every American

The rate of debt growth averages around $7.35 billion a day, a JEC report adds, or $306.4 million per hour—$5.11 million per minute.

Fortune

‘Uncharted territory’: The $40 trillion U.S. national debt just got uglier as interest payments rise to $1.25 trillion a year

Last time the net interest payments were this high was 35 years ago. Analysts warn the U.S. is worse off now than it was then.

Fortune

'Chuck it in the fire.' A leading candidate in France's presidential race has a simple solution to its massive national debt: just cancel it

“Why did we make a single currency and an ECB together? We can do it and I bet we’d find allies in Europe.”

Fortune

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Trump’s second-term policies put US finances under growing strain as debt tops $40 trillion

During President Trump's presidency, the national debt of the U.S. has ballooned to over forty trillion dollars. Federal expenditures are on a relentless rise, and interest on loans is climbing steeply. The tax reductions implemented by his administration have multiplied the national debt by trillions. This fiscal decline has roots…

The Economic Times

Trump signs stopgap bill, keeping US government funded through December before midterm elections

President Donald Trump signed a funding bill, averting a government shutdown before elections. Congress approved a temporary extension of federal spending, keeping agencies funded through December. This measure gives lawmakers more time to resolve spending differences and fiscal challenges. The national debt has crossed forty trillion dollars, and affordability remains…

The Economic Times

Elon Musk Warns US Is '1,000%' Going to Go Bankrupt as National Debt Surges Past $40 Trillion

Elon Musk's claim that the US is '1,000%' heading for bankruptcy has resurfaced after national debt topped $40 trillion, sharpening debate over inflation, interest and the dollar's future.

International Business Times UK

Latinos Carry More Debt but More Hope: 61% Still Believe in the American Dream

More than seven in 10 Hispanic adults in the United States carry debt, but fewer than half say that debt leaves them feeling weighed down financially, according to a new survey that reveals a more complicated picture of Latino finances than the balances alone suggest.

Latin Times

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The $40 trillion national debt is growing while Social Security goes broke—because wealthy Boomers are collecting over $100k in benefits per year

Boomers are getting 265% returns from Social Security—and the “great wealth transfer” won’t save Gen Z.

Fortune

The National Debt Has Crossed $40 Trillion. Both Parties Are Responsible.

And both are hiding behind a lie of omission.

Reason

'We're Actually Totally Screwed': Elon Musk Warns US Is '1,000% Going to Go Bankrupt' Over Debt Crisis

Elon Musk warns that the US could face bankruptcy unless AI and robotics significantly boost productivity to counteract the growing national debt, which recently surpassed $40 trillion.

International Business Times UK

Elon Musk Says We’re ‘1000% Going to Go Bankrupt’ Without Al and Robots — ‘We’re Totally Screwed’ as Interest on National Debt Tops $1 Trillion

Elon Musk warns the U.S. could face financial failure without AI and robots as the national debt tops $40 trillion and annual interest costs surge past $1 trillion.

Barchart

Can We Really ‘Grow Our Way Out Of’ $40 Trillion in National Debt? Why One Economist Says ‘The US Has No Chance.’

Bessent’s bond market intervention is a critical failure, and expectations are similarly low for his plan to outgrow $40T in debt.

Barchart

$40 trillion debt balloon is a warning sign for US economy and the world

US national debt has passed a record US$40 trillion (£29.4 trillion). This milestone is a major warning sign. It reveals vulnerabilities that threaten the long-term economic stability of the US and the rest of the world.

The Conversation

Trump’s ballooning of the national debt to $40 trillion is fueling high mortgage payments

Pending home sales were 30 percent lower in July than seven years ago

The Independent UK

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Fortune

Here's how much the $40 trillion national debt is costing you — whether you have student loans, a mortgage or Social Security

Divide $40 trillion by the U.S. population and every American is on the hook for roughly $117,000. The Conference Board modeled several scenarios.

Fortune

National debt interest expense has exploded 14% in just 9 months

The huge increase in interest expense has two sources.

International Business Times UK

UK Debt Nears £3T: Mortgage Rates, Fuel Costs, and Household Bills Could Feel the Impact

The UK's national debt approaching £3 trillion impacts mortgage rates, inflation, and public services. The October Budget's implications for household finances and overall economic stability.

Fortune

Taxing all 938 billionaires at 100% wouldn't stop the $40 trillion national debt, says Elon Musk. Bernie Sanders says tax them 5% and send you a check

Elon Musk argues America’s $40 trillion debt is too big for billionaire taxes to fix, but Bernie Sanders says a 5% tax could at least put $3,000 back in your pocket.

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news in one place.

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International Business Times

The U.S. Debt Just Crossed $40 Trillion. Here's Where Americans Could Feel It First.

Americans are not personally responsible for paying off the national debt, but the real concern is what happens as Washington continues borrowing and must devote an increasing share of federal revenue to interest.

International Business Times UK

Trump Warned $24T Debt Was 'Point of No Return' Before America Plunged Into $40T Debt Under His Watch

The US national debt has surpassed $40 trillion, doubling since Trump's presidency began, raising concerns about fiscal sustainability and contrasting with his earlier campaign promises to reduce it.

The Independent UK

Here’s how the US national debt hitting $40 trillion may impact average American

IN FULL

The Independent UK

The US national debt has hit a record $40 trillion — how does this impact the average person

‘Federal debt is already raising the cost of living and choking out other spending and investment,’ said one policy expert

Fortune

Scott Bessent on the national debt: 'There's nothing magic about the $40 trillion number'

"We can grow our way out of that," the Treasury Secretary told CNBC on Thursday.

The Independent UK

The Latest: The US national debt hits a record $40 trillion

The United States’ debt has surpassed a record $40 trillion, a staggering milestone as defense costs, social programs and interest on the burgeoning deficit make up an enormous share of federal spending

The Times of India

US debt crosses $40 trillion but everyone still trusts Uncle Sam. But for how long?

TOI correspondent from Washington: The United States’ national debt crossed $40 trillion on Tuesday, a number so large that even breaking it up with commas can scarcely make it comprehensible. As in a 4 followed by 13 zeroes: $40,000,000,000,000!

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