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U.S. Debt Hits $40 Trillion | Madison News
Description
The U.S. national debt just shattered the $40 trillion mark, climbing rapidly from $39T just five months ago — and experts warn this ballooning debt is already squeezing everyday Americans by driving up borrowing costs, stifling business investment, and threatening long-term economic stability. While the White House pushes for waste reduction and economic growth to ease the debt-to-GDP ratio, looming fiscal cliffs and global comparisons paint a troubling picture as Congress braces for another debt limit showdown by late 2027.
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