Headline: UNCAPTIONED: US National Debt Surpasses $40 Trillion
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US National Debt Surpasses $40 Trillion. US national debt has doubled in ten years, reaching a record $40 trillion, Treasury figures show. The total stood below $20 trillion in 2016, reflecting heavy government spending and rising interest costs. Debt has surpassed forecasts, with the Congressional Budget Office expecting $39.6 trillion by fiscal year-end 2026. Officials warn borrowing needs are accelerating, while the debt is approaching the $41.1 trillion statutory ceiling. The CBO projects America's debt could reach $64 trillion by 2036, intensifying concerns over interest costs. Meanwhile, thirty-year Treasury yields hit 5.34 percent, the highest level ever recorded in nearly two decades. Higher yields can raise borrowing costs, affecting government finances, mortgages, car loans, and credit cards directly. The Treasury doubled bond buybacks to $4 billion, but analysts say this offers limited long-term relief.
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Keywords: Current Affairs & Politics,US national debt,$40 trillion,Treasury,Congressional Budget Office,government spending,interest costs,$41.1 trillion debt ceiling,$64 trillion,Treasury yields,5.34 percent,borrowing costs,bond buybacks,US economy
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