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US gross national debt tops $40tn for first time

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This story was selected and curated by our editorial team in the Business category. Published on August 19, 2026 • Originally reported by Lauren Aratani. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.

Milestone marks years of government spending that grew under both Donald Trump and Joe Biden

US debt reached $40tn for the first time on Wednesday, the US treasury department said, after the government deficit doubled over the last decade.

The treasury’s latest debt balance showed $40.047tn on Tuesday afternoon, the highest in US history.

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