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US debt surges past US$40 trillion as Trump presses for lower interest rates

US government debt has breached the US$40 trillion mark for the first time, intensifying concerns over the country’s worsening fiscal position as rising spending on social programmes and debt…

  • US public debt exceeds $40 trillion for the first time
  • Debt doubled since Donald Trump's presidency began in 2017
  • Biden added $8.4 trillion to the debt during his term

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