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Trump Pledged Fiscal Restraint. Instead, Debt Tops $40 Trillion As Borrowing Costs Rise

Posted on September 2, 2026
By HuffPost
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1 min read

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Trump Pledged Fiscal Restraint. Instead, Debt Tops $40 Trillion As Borrowing Costs Rise

The debt surpassed $40 trillion just ahead of the upcoming November midterm elections that will determine if Republicans keep control of Congress for the second half of Trump’s final term.