U.S. National Debt Crosses $40 Trillion, Re-igniting High-Stakes Debate Over the Debt Limit and Fiscal Reform

With total U.S. government debt recently surpassing the staggering milestone of $40 trillion, the nation’s statutory debt limit has returned to the center of legislative and economic debates in Washington. Lawmakers and financial analysts are once again grappling with the mechanics, history, and future of government borrowing as Congress faces mounting pressure to address a…

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