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American Debt Surpasses $40 Trillion
The U.S. federal debt has surpassed the $40 trillion mark for the first time, reaching a total of $40.047 trillion, of which approximately $32.27 trillion are publicly held debt. This increase occurred over just five months, marking the fastest pace of debt growth in years and exceeding previous forecasts. It is expected that the debt will reach $63 trillion by 2036, driven by rising budget deficits and increasing interest costs. Servicing the civilian debt, which exceeded $1 trillion in the fiscal year 2026, now costs more than defense spending and has reached an unsustainable level. This amplifies economic risks, with the debt "footprint" and declining credit rating threatening the future stability of the U.S. economy.
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