Nbcwashington iconNbcwashingtonAug 20, 2026 ~1 min source read

U.S. national debt surpasses $40 trillion. How we got here and why it matters

The milestone figure was recorded just five months after the United States hit a record $39 trillion debt in March. The debt stood at $19.95 trillion in January of 2017, at the start of the first term of President Donald Trump.

U.S. national debt surpasses $40 trillion. How we got here and why it matters

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The milestone figure was recorded just five months after the United States hit a record $39 trillion debt in March.

The debt stood at $19.95 trillion in January of 2017, at the start of the first term of President Donald Trump.

relies on to carry out Trump's almost-6-month-old war in Iran to lowering the cost of gas and groceries.

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The milestone figure was recorded just five months after the United States hit a record $39 trillion debt in March. The debt stood at $19.95 trillion in January of 2017, at the start of the first term of President Donald Trump. relies on to carry out Trump's almost-6-month-old war in Iran to lowering the cost of gas and groceries.

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  • "If we want to improve our living standards, today and for the next generation, now is the time fo...

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The national debt surpassed a record $40 trillion on Wednesday, a staggering milestone as defense costs, social programs like Social Security and Medicare and interest on the burgeoning deficit make up an enormous share of federal spending. It reached $38 trillion five months before that, in October.

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