NYT
U.S. Debt Hits $40 Trillion as America’s Borrowing Binge Continues
Wednesday, August 19, 2026
The U.S. federal debt reached 40 trillion dollars as of 2026. President Trump had promised to reduce the debt burden during his administration. Spending increased on military operations related to Iran, tax cuts, and tariff refunds.
Original reporting: https://www.nytimes.com/2026/08/19/business/economy/us-debt-40-trillion.html