The surprising way that America’s $40 trillion debt costs you

A sign displays the national debt at a bus stop in Washington, D.C. on August 20, 2026. | Anna Moneymaker/Getty Images This story appeared in Today, Explained, a daily newsletter that helps you understand the most compelling news and stories of the day. Subscribe here. America’s national debt cleared $40 trillion for

Annual borrowing costs now surpass $2 trillion, as federal outlays continue to exceed what the government takes in

The United States national debt surpassed $40 trillion for the first time on Tuesday, reaching another historic milestone as the federal government continues to run massive deficits.  The debt topped $30 trillion for the first time just four years ago. When the country crossed the $1 trillion mark more than four decade

Bank of America strategist Michael Hartnett warns against investing in bonds as the U.S. continues to run large deficits.