US national debt passes $40tn after doubling in a decade

US national debt has more than doubled in a decade to reach a milestone $40tn (£29.4tn), Treasury figures show. The rise reflects years of heavy spending under both the Donald Trump and Joe Biden administrations, along with higher interest payments… US national debt has more than doubled in a decade to reach a milestone $40tn (£29.4tn), Treasury figures show. The rise reflects years of heavy spending under both the Donald Trump and Joe Biden administrations, along with higher interest payments that have steadily added to the total. In 2016, the national debt stood at just […] The post US national debt passes $40tn after doubling in a decade appeared first on KBC Digital.