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.
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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.
U.S. public debt crosses $40 trillion for the first time, while Reuters says the 30-year Treasury yield rises to 5.337% and Treasury boosts buyback operations for 10- to 30-year securities.
Coinbase Global Inc. (NASDAQ: COIN ) CEO Brian Armstrong warned that the U.S. constitutional framework lacks built-in fiscal constraints, arguing that this gap has contributed to surging federal debt now exceeding $39 trillion and rapidly rising interest payments. US Debt Crisis Concerns Grow On Wednesday, in a post on