August 21, 2026

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US national debt tops $40 trillion for first time, dealing blow to Trump

World France 24
Image: France 24

The US gross national debt has surged past $40 trillion for the first time, government data showed Wednesday, outstripping earlier forecasts at a pace fuelled in part by President Donald Trump's invalidated tariffs. The uptick in borrowing is a blow to Trump, who promised to cut public spending during his 2024 presidential campaign, and sparked a backlash from US representatives across the political field.

France 24 reported this story. Read the full report on france24.com →

This is a short summary. France 24 wrote and published the full report.

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