U.S. Debt Hits $40 Trillion | Charleston News

The U.S. national debt has surged past $40 trillion, fueled by record deficits, ballooning interest payments, and decades of unchecked spending — with politicians on both sides to blame. Rising global debt and inflation are pushing bond yields higher, making borrowing even more expensive. While Treasury Secretary Scott Bessent pins hope on economic growth to solve the crisis, economists warn that without major reforms to spending and taxes, the situation will only worsen. With bipartisan solutions stalled and voters demanding more benefits and lower taxes, America faces a growing fiscal cliff with no easy way out. 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/feb7c9bf3e6519c0