Economy · World
US National Debt Surpasses $40 Trillion, Interest Costs Soar
The United States national debt has surpassed $40 trillion. Interest expenses on this debt have increased significantly, rising 14% in the 10-month budget period ending in July. This surge in interest costs is attributed to two primary factors. The growing debt burden raises questions about the country's financial risk and investor confidence in funding future deficits.
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- Centre (2): Deutsche Welle, Fortune