The U.S. national debt has shattered records, hitting a staggering $40 trillion for the first time — a milestone that’s been years in the making and now hitting home with real economic consequences. Experts warn this ballooning debt could fuel inflation and cripple the government’s ability to respond to crises or meet urgent needs. With Congress deadlocked on the next spending bill and a potential shutdown looming by September, the Treasury is even turning to buying back its own debt to lure investors — a sign of just how deep the financial challenges have become.
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