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US debt set to top $40 trillion this week

8/18/2026

50 9 Full Breakdown

Summary

Story summary

The United States' national debt is expected to top $40 trillion this week, a record high.
Interest on the debt now exceeds $1.2 trillion annually, surpassing defense spending.
Concord Coalition’s Carolyn Bourdeaux warns the debt could trigger hyperinflation, high rates, or a serious fiscal crisis.
The House Freedom Caucus, Senator Rand Paul, Rep. Dave Schweikert (R-AZ) and Rep. John Larson (D-CT) oppose compromise as debt may reach $50 trillion.

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Story summary

The United States' national debt is expected to top $40 trillion this week, a record high.
Interest on the debt now exceeds $1.2 trillion annually, surpassing defense spending.
Concord Coalition’s Carolyn Bourdeaux warns the debt could trigger hyperinflation, high rates, or a serious fiscal crisis.
The House Freedom Caucus, Senator Rand Paul, Rep. Dave Schweikert (R-AZ) and Rep. John Larson (D-CT) oppose compromise as debt may reach $50 trillion.