US Debt Hits 40 Trillion | Phoenix News

The U.S. national debt has surged past $40 trillion, fueled by years of spending that outpaces tax revenue—driven by defense, social programs, and mounting interest costs. This isn’t a sudden spike but the result of decades of fiscal imbalance, worsened by pandemic spending and recent tax cuts. Experts warn this path is unsustainable, with a potential financial crisis looming if not addressed—especially as the debt limit could be hit again by late 2027. 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/7b337b1c5d60d369