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US gross national debt tops $40tn for first time

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US gross national debt tops $40tn for first time
US gross national debt tops $40tn for first time
Milestone marks years of government spending that grew under both Donald Trump and Joe Biden US debt reached $40tn for the first time on Wednesday, the US treasury department said, after the government deficit doubled over the last decade. The treasury’s latest debt balance showed $40.047tn on Tuesday afternoon, the hi