US National Debt Surpasses $40 Trillion For The First Time Ever, As Trump’s ‘Big Beautiful Bill’ Hits Budget

The U.S. national debt crossed $40 trillion in August 2026, a milestone that works out to roughly $117,000 per person and $297,000 per household. A Decade of Doubling The debt has doubled since January 2017, when it stood at just under $20 trillion. Growth accelerated sharply after the COVID-19 pandemic began in March 2020, with […]