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US debt hits $40 trillion: Who does Washington owe and why does it matter?

OMEGAZEPRIME News
This story was selected and curated by our editorial team in the News category. Published on August 20, 2026 • Originally reported by Al Jazeera – Breaking News, World News and Video from Al Jazeera. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
Heavy borrowing, increased spending and tax cuts by Democratic and Republican administrations have long raised concern.
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