High Debt and Rising Prices Catch Up to Trump, as Midterms Near

President Trump's second term has occurred amid elevated national debt levels and consumer price increases. The national debt reached approximately 28 trillion dollars as of early 2026, according to Treasury Department figures. Consumer inflation, measured by the Consumer Price Index, remained above pre-2021 levels through 2025 and into 2026. The 2026 midterm elections are scheduled for November 2026.

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