1 of 1
Story summary
- The U.S. national debt has surpassed $39 trillion amid the ongoing U.S.-Israel war in Iran.
- Rising debt raises borrowing costs and lowers wages for Americans.
- Michael Peterson of the Peter G. Peterson Foundation warned debt growth is unsustainable and could reach $40 trillion before the fall elections.
- White House economic adviser Kevin Hassett said the war has cost over $12 billion, signaling ongoing fiscal strain.
