America’s US$40tr debt gamble is getting harder to ignore, economists say after ‘grow’ goal

The United States has reached a record-breaking national debt of over $40 trillion, surpassing the milestone just last week. This significant increase in debt has raised concerns about the long-term sustainability of the country's financial situation. Economists are now questioning whether growth alone can absorb this massive debt, as previously suggested by Washington.

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The US debt is growing and economists are sceptical that growth alone can absorb it. This could lead to a decrease in investor confidence and a rise in borrowing costs.

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