Debt Hits $40 Trillion and Rising | Denver News

The national debt has surged past $40 trillion, setting off alarm bells as the government spends more on interest than on defense or Medicare. Driven by an aging population, tax cuts, and economic shocks like the Great Recession and COVID-19, this ballooning deficit threatens future stability — and could soon hit $50 trillion in just six years. Worse, rising debt means higher interest rates for everyone, from mortgages to car loans, making it harder to fund essentials and recover from future crises. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/da9dc6f2c1e3106a