US debt crosses $40 trillion but everyone still trusts Uncle Sam. But for how long?
US national debt crossed $40 trillion, exceeding annual GDP, as interest payments approach $1 trillion, with economists warning of painful adjustments ahead. TOI correspondent from Washington: The United States’ national debt crossed $40 trillion on Tuesday, a number so large that even breaking it up with commas can scarcely make it comprehensible. As in a … Read more