U.S. National Debt Officially Surpasses $40 Trillion
U.S. national debt has officially crossed $40 trillion for the first time, with borrowing rising rapidly and interest costs becoming an increasingly large part of federal spending.
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U.S. national debt has officially crossed $40 trillion for the first time, with borrowing rising rapidly and interest costs becoming an increasingly large part of federal spending.
Fiscal policy uses government spending, taxes, and transfers to influence the economy. Learn how budgets, deficits, debt, multipliers, stabilizers, and trade-offs work.