U.S. debt surpasses $40 trillion
The total U.S. public debt has surpassed $40 trillion, recording a faster-than-expected increase, according to government data. This rise is attributed to higher long-term commitments related to Social Security and healthcare, as well as increased interest payments, with the debt reaching $40.05 trillion at the close of trading. The Treasury Department forecasts that the total debt will reach $39.4 trillion by the end of the 2026 fiscal year, partly due to a revenue slowdown resulting from the Supreme Court's aborting of tariffs imposed by former President Donald Trump.
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