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US Debt Explodes Past $40 Trillion; Fiscal Crisis Risks Mount

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The Story

News Summary

  • Total U.S.
  • debt has surged past $40 trillion, doubling in under a decade and sparking warnings of a fiscal crisis.
  • While Treasury Secretary Bessent announced buybacks to stabilize yields, investor demand is waning and the ballooning interest costs are pressuring the budget.
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