What $40,000,000,000,000 U.S. Debt Really Means | FP Explains
The US federal debt crossed $40 trillion for the first time on Aug. 18, 2026, according to Treasury Department data. That is $2.9 trillion more than a year ago, a jump of 7.8 per cent. The Joint Economic Committee of the US Congress calculates the debt has been growing at roughly $90,000 every second.The last trillion took about five months. The Congressional Budget Office had projected the US would not touch $40 trillion until fiscal 2028.
Here’s what this debt means and how the U.S. got here!
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