The US gross national debt surpassed $40 trillion for the first time on August 19, 2026, according to the US Treasury Department. The latest report indicated a debt balance of $40.047 trillion as of Tuesday afternoon, marking the highest level in US history. This increase in debt has occurred alongside a doubling of the government deficit over the past decade.
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US Gross National Debt Exceeds $40 Trillion for the First Time
On August 19, 2026, the US gross national debt reached $40 trillion for the first time, as reported by the US Treasury Department. The debt balance was recorded at $40.047 trillion, reflecting a significant increase in government spending and a doubling of the deficit over the last ten years.
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US gross national debt tops $40tn for first time
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US Gross National Debt Exceeds $40 Trillion for the First Time