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U.S. Debt Hits $40 Trillion as America’s Borrowing Binge Continues

President Trump’s promises to restore fiscal order and reduce the amount of America’s debt burden have been undercut by spending on the Iran war, tax cuts and tariff refunds. Source: Read the original article on www.nytimes.com

By deepak · August 19, 2026 · 1 min read

President Trump’s promises to restore fiscal order and reduce the amount of America’s debt burden have been undercut by spending on the Iran war, tax cuts and tariff refunds.

Source: Read the original article on www.nytimes.com