US national debt now stands at $40 trillion

Source ABC Local
Original Load Date Aug. 20, 2026, 5 a.m.
Last Updated Aug. 20, 2026, 5 a.m.
Original URL https://abc7chicago.com/story/us-national-debt-now-stands-40-trillion/19707192/

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The national debt surpassed a record $40 trillion on Wednesday, a staggering milestone as defense costs, social programs like Social Security and Medicare and interest on the burgeoning deficit make up an enormous share of federal spending. The milestone figure was recorded just five months after t...