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last updated at Aug 21, '26 6:09 am

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US debt tops $40 trillion for first time, raising fiscal warnings

Published at Aug 19, '26 11:42 PM
by  ABS-CBN logo ABS-CBN

Total U.S. debt has topped $40 trillion for the first time, the Treasury Department said on Wednesday (August 19), drawing fresh warnings that a fiscal crisis is brewing as ballooning costs for social safety-net programs and interest payments far outstrip revenues held back by tax cuts.

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