US Debt Hits $40 Trillion, Trump Wages Economic War on Iran
Insight & analysis on the White House and Capitol Hill. Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF. Total US public debt surpassed $40 trillion for the first time, and has now surged by a third in less than five years, as US lawmakers continue to shrug off calls to contend with historically wide fiscal deficits.Public debt outstanding stood at $40.05 trillion as of the close of business Tuesday, a Treasury Department release on Wednesday showed. The news came hours after Treasury Secretary Scott Bessent made a fresh attempt to rein in long-term borrowing costs from…
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