Government Borrowing

What does the US national debt surpassing $40 trillion mean for the economy and for ordinary Americans?

First, what just happened The US national debt crossed $40 trillion in August 2026. The Treasury reported total debt of $40.05 trillion on August 18 152 . A decade earlier, the debt was $19.4 trillion, so it has more than doubled 168 18 . This is not a single bill...