National debt crosses $40 trillion
Summary
The U.S. national debt has surpassed $40 trillion, according to recent data from the Treasury Department. This shows the total amount of money the U.S. government owes has doubled in less than ten years.Key Facts
- The U.S. national debt exceeded $40 trillion on Tuesday.
- The Treasury Department released this new data.
- The debt doubled in under a decade.
- The debt first reached $20 trillion in late 2017.
- Before crossing $40 trillion, the debt was at $39 trillion recently.
- National debt represents the total money the government owes to creditors.
- The increase reflects ongoing government spending and borrowing needs.
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