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US debt surpasses 40T
The total US national debt has exceeded $40 trillion for the first time, growing at a faster rate than expected, according to Treasury Department data. The increase is attributed to rising long-term obligations related to Social Security and healthcare, along with higher interest payments. It was anticipated that the debt would reach $39.4 trillion by the end of the 2026 fiscal year. The accelerated growth is partly due to revenue loss following the Supreme Court's ruling to cancel tariffs imposed by Trump.
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