U.S. national debt just shattered the $40 trillion mark—up from $39 trillion just five months ago. Driven by defense, Social Security, Medicare, and soaring interest costs, this ballooning debt is already hiking mortgage and car loan rates, squeezing business investment, and pushing up everyday prices. While the White House promises to cut waste and boost growth, the long-term trend of borrowing more and paying more interest means tougher financial choices ahead. The debt is projected to hit $41.1 trillion by late 2027, forcing Congress to act again on the debt ceiling.
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