U.S. total government debt tops $40 trillion for first time
The federal government has topped $40 trillion in total debt for the first time in history, setting a new record for red ink.
The federal government has officially surpassed $40 trillion in total debt. This marks a historic, unprecedented level of national indebtedness. The situation represents a new record for government borrowing.
- Federal government debt has exceeded $40 trillion.
- This is the first time in history the debt has reached this level.
- A new record for national debt has been set.
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