The U.S. debt tops a record-shattering $40 trillion. Yes, with a T
- The U.S.: 4 events in the last 90 days
What happened
The federal debt reached $40 trillion as the government adds red ink at a rapid rate. That's leading nervous investors to demand higher interest rates — pushing up borrowing costs for everyone else.
Summary assembled by rule from the sources below
Timeline
- First appeared on NPR BusinessNPR Business