U.S. debt is expected to exceed $40 trillion
2026-08-18 18:25:08
According to CoinMeta, and as reported by The Washington Post, the U.S. debt is expected to exceed $40 trillion this week, several months ahead of schedule. Part of this is due to changes in Trump's tariff policies that led to a loss of fiscal revenue, forcing the U.S. Treasury Department to borrow more quickly. The Congressional Budget Office had predicted that the total U.S. national debt for this fiscal year would be $39.4 trillion, but data released by the Treasury Department on Monday showed that the debt has already reached $39.9 trillion. The accelerated accumulation of debt has brought forward the deadline for raising the statutory borrowing limit, which Congress set at $41.1 trillion last year.
Source:Internet
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