National debt crosses $40 trillion in grim milestone

The country’s national debt is now over $40 trillion for the first time in history, leading economists to warn that the United States is staring down a fiscal reckoning. The Treasury Department reported on Wednesday that the debt crossed the $40 trillion mark the day before. Concerningly, the government has been runnin

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