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US government debt hits $40tn as borrowing rises at historic rate

  • Posted on August 19, 2026
  • By Financial Times
  • 0 Views
  • 1 min read
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US government debt hits $40tn as borrowing rises at historic rate
US government debt hits $40tn as borrowing rises at historic rate

Public spending surges despite Donald Trump’s vow to stabilise America’s public finances
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Author
Financial Times

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