US government debt hits $40tn as borrowing rises at historic rate
Public spending surges despite Donald Trump’s vow to stabilise America’s public finances
Public spending surges despite Donald Trump’s vow to stabilise America’s public finances
BELLINGS Intelligence Score: 70
Why it matters
US government debt reaching $40tn with borrowing rising at a historic rate signals a significant structural fiscal development with broad implications for credit markets, borrowing costs, and monetary policy outlook.
Sources
Financial Times
US government debt hits $40tn as borrowing rises at historic rate
Public spending surges despite Donald Trump’s vow to stabilise America’s public finances