The US national debt has surpassed $40 trillion, just five months after hitting $39 trillion, as soaring interest costs and government spending continue to drive up the deficit. Treasury Secretary Scott Bessent said the administration plans to rely on economic growth and fiscal consolidation to tackle the mounting debt, while Treasury moves to expand government bond buybacks as long-term yields climb.
#nationaldebt #interest #spending #deficit #scottbessent #treasury
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