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How the U.S. government went from a balanced budget to $40 trillion in debt

The U.S. national debt reached another record high of $40 trillion, as the government hasn't balanced its budget since the late 1990s. NBC News' Ryan Nobles takes a look at how the debt keeps snowballing across presidents from both parties.Aug. 22, 2026 Source: Read the original article on www.nbcnews.com

By deepak · August 22, 2026 · 1 min read

The U.S. national debt reached another record high of $40 trillion, as the government hasn't balanced its budget since the late 1990s. NBC News' Ryan Nobles takes a look at how the debt keeps snowballing across presidents from both parties.Aug. 22, 2026

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