Australia reaches trillion-dollar debt for the first time

Australia's debt has cracked a trillion dollars, triggering a political debate as to who has the best plan to pay off the nation's massive credit bill.

Australia's debt has cracked a trillion dollars, triggering a political debate as to who has the best plan to pay off the nation's massive credit bill.

The gross public debt of the United States reached 40.047 trillion dollars on Tuesday, according to data released by the Treasury Department. It is the first time the figure has crossed that threshold, and it has arrived earlier than expected: the Congressional Budget Office had projected 39.4 trillion by the end of fi

Overall US debt has doubled in a decade since Trump was first elected

National debt reaches grim $40 trillion milestone. Here’s why that matters | CNN Business  CNN

The national debt is expected to hit a record high as soon as this week, crossing a major threshold of $40 trillion. Congressional correspondent Lisa Desjardins explains why that milestone is a warning sign for many economists.