The U.S. national debt has shattered another record, hitting $40 trillion — a jaw-dropping leap from just $38 trillion last fall. With defense, Social Security, Medicare, and interest payments swallowing huge chunks of the budget, this surge is already squeezing American wallets, raising borrowing costs, and stifling business investment. While the White House pushes for growth and waste-cutting, experts warn this debt spiral threatens wages, prices, and future generations — and we’re projected to hit the $41.1 trillion debt ceiling by mid-next year, forcing Congress into another high-stakes fiscal showdown.
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