National Debt Tops $40 Trillion: Where Trump's Economic Approval Stands
Summary
The U.S. national debt has exceeded $40 trillion for the first time, with about $32 trillion owed to the public and nearly $8 trillion within government accounts. This increase includes about $3.8 trillion added during President Donald Trump's current term, as the government faces growing costs for social programs, defense, and interest payments.Key Facts
- The total U.S. national debt reached roughly $40.05 trillion.
- About $32.27 trillion of the debt is held by the public; $7.78 trillion is intragovernmental (owed within government).
- The debt has more than doubled since 2017.
- When President Trump started his second term, the debt was roughly $36.22 trillion, so it has grown by about $3.83 trillion since then.
- Major government spending includes Social Security, Medicare, defense, and interest on the debt.
- The Congressional Budget Office expects public debt to rise from 101% of GDP in 2026 to 120% by 2036.
- A federal deficit of $1.9 trillion is projected for fiscal year 2026.
- Experts warn rising debt could increase interest costs, inflation, and slow economic growth.
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