"Deficit reduction can further reduce inflation by lowering self-reinforcing inflation expectations to the extent it reduces the likelihood that future policymakers will aim to inflate away the .
Borrowing can be justified, but elected officials must weigh decisions whose costs extend beyond the next election, writes Isaiah Wing.
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Sen.
And it's hard to find a story in recent weeks that captured the market's attention like the United States surpassing $40 trillion in gross federal debt.
The US national debt just passed the grim milestone of a record $40 trillion.
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Federal debt has mounted amid tax cuts and trillions in pandemic spending, adding to the nation's interest payments.
In October 1987, the Dow fell 23 percent in one day, the largest drop on record.
Since President Donald Trump took office in January 2025, the national debt has gone up more than 10%, a stunning $3.
The United States is digging itself into an ever-deeper debt hole.