US debt crosses $40 trillion but everyone still trusts Uncle Sam. But for how long?

US national debt crossed $40 trillion, exceeding annual GDP, as interest payments approach $1 trillion, with economists warning of painful adjustments ahead.TOI correspondent from Washington: The United States’ national debt crossed $40 trillion on Tuesday, a number so large that even breaking it up with commas can sca

The U.S. national debt crossed $40 trillion on Tuesday, according to newly released data from the Treasury Department.   It marks a key milestone for the U.S., which has seen its total outstanding debt double over less than a decade. This sum first crossed the $20 trillion mark in late 2017 and reached $39 trillion jus

‘It is staggering how predictable the fiscal decline of a global power can become,’ the president of the Committee for a Responsible Federal Budget said

"To anyone who cares about America, about democracy and our future, in my view, this is already a crisis," Michael Peterson told Fortune.

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