The national debt hits $40 trillion with no slowing down in sight. Hayden Panettiere’s death reignites discussion over the treatment of child stars in Hollywood. And why Florida could have an outsized role in the November election.
\n\nThe country’s national debt now totals over $40 trillion, with no signs of slowing down. Since 2020, U.S. debt has grown 68%, while the deficit has doubled.
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\n\nAmerican consumers are facing down higher prices on everything from credit cards to mortgages. And none of it seems to matter much in Washington.
\n\nPresident Donald Trump and the Republican-controlled Congress have enacted an agenda that adds to the debt. The issue gained even greater urgency this week, as government borrowing costs have begun to soar, but there has been virtually no political pressure to do anything about the deficit. Yesterday, the Treasury Department intervened to try to bring longer-term rates back under control.
\n\nThe president remains unmoved. Hours before the debt officially hit the bleak benchmark, when asked if Americans should be concerned about bond market volatility, Trump responded: “We have a very powerful country…
Original source: https://www.nbcnews.com/sports
