US national debt tops $40 trillion for first time, dealing blow to Trump
France 24
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France 24
Original Source
The US gross national debt has surpassed $40 trillion for the first time in history, according to official government data. The development undermines President Trump's campaign promises to cut public spending and has sparked criticism from members of Congress across the political spectrum.
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The US gross national debt has surged past $40 trillion for the first time, government data showed Wednesday, outstripping earlier forecasts at a pace fuelled in part by President Donald Trump's invalidated tariffs. The uptick in borrowing is a blow to Trump, who promised to cut public spending during his 2024 presidential campaign, and sparked a backlash from US representatives across the political field.