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

The U.S. national debt just shattered another record, hitting $40 trillion — up from $39 trillion just five months ago — fueled by defense spending, Social Security, Medicare, and ballooning interest costs. As the White House pushes to cut waste and boost growth, everyday Americans are already feeling the squeeze: higher borrowing costs, slower wage growth, and rising prices. With the debt climbing under multiple administrations — especially during the pandemic — experts warn that without urgent action, future generations face a crisis of living standards. The country’s approaching its next statutory limit, projected for late 2027, putting the U.S. in a precarious fiscal position compared to other developed nations. 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/a88429fa7ef2e219