US debt tops $40 trillion as borrowing costs rise
A report says national debt surged past $40 trillion after Donald Trump returned to the White House pledging fiscal restraint and deficit control. It also cites rising borrowing costs.
By Jacob BogageDonald Trump returned to the White House promising to get the United States' financial house in order by slashing the scope of the federal government, ending costly "forever wars" and spurring economic growth to tame spiraling deficits.Instead, the national debt has surged past $40 t…