US debt hits $40 trillion as America’s borrowing binge continues

WASHINGTON — America’s gross national debt topped $40 trillion for the first time Wednesday, an ominous milestone for an economy that sits on a shaky fiscal foundation after decades of borrowing to pay for the rising costs of the military, social safety net programs and President Donald Trump’s tax cuts. The post US debt hits $40 trillion as America’s borrowing binge continues appeared first on…