US government debt reached $40tn as borrowing rose at a historic rate. It says public spending is increasing despite Trump’s vow to stabilize America’s finances.
WHO:US government
WHAT:US government debt hit $40tn as borrowing rose at a historic rate.
WHEN:Reported Aug 19, 2026 at 4:18 PM ET
WHERE:USA
WHY:Public spending is surging while borrowing rises at a historic rate.
How this story developed (showing 2 of 2 earlier reports)
