Democrats and Republican outraged over $40tn national debt – US politics live
Summary
The US national debt has reached $40 trillion for the first time, a record high. Both Democrats and Republicans expressed anger, blaming each other for increased government spending that raised the debt.Key Facts
- The US gross national debt hit $40 trillion on Wednesday, the highest ever.
- Government spending and debt increased under both President Trump ($8.4 trillion) and President Biden ($4.3 trillion).
- In the fiscal year starting October 2025, $1.8 trillion was added to the debt.
- Democrats blame President Trump and a Republican-led Congress for the rise in debt.
- Republicans also criticize some spending but have supported bills that increase the deficit.
- The One Big Beautiful Bill Act is estimated to add $3.3 trillion to the deficit.
- The US pays about $4,000 per person yearly just in interest on the national debt.
- Congressman Thomas Massie lost his primary election after opposing debt-increasing policies.
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