US National Debt Tips Record $40 Trillion

The U.S. national debt has been notched at $40 trillion and rising, a new record, with about $7 billion being added to the total on a daily basis. “Unsustainable borrowing on this scale has huge repercussions throughout the economy, straining efforts to address affordability and risking a dangerous debt spiral if lawmakers don’t act,” Maya MacGuineas, president of the Committee for a Responsible Federal Budget (more).