U.S. Debt Smashes $40 Trillion, and the Climb Is Accelerating
America's gross national debt crossed $40 trillion this week, just five months after passing $39 trillion, and the pace is quickening. The milestone undercuts Trump's promise of fiscal restraint: tax cuts, the Iran war and tariff refunds all added to the bill. It's already hitting wallets as higher rates lift mortgage and car-loan costs and inflate prices. The Bipartisan Policy Center sees the $41.1 trillion debt limit arriving by mid-2027.