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

The U.S. national debt just shattered another record, hitting $40 trillion — a dizzying climb that’s turning everyday costs like mortgages and car loans more expensive and could even squeeze wages as businesses cut back. While officials tout cutting waste and boosting growth, experts warn this unsustainable borrowing path risks a full-blown crisis if hit by a recession or global conflict. With the debt limit likely to be breached by late 2027, Congress faces another tough choice — and right now, America’s fiscal health is worse than any other major developed nation. 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/c681b2eaae99479f