Democrats and Republican outraged over $40tn national debt – US politics live

The US gross national debt has reached $40 trillion for the first time in history. This milestone marks a significant increase in the country's debt, which has doubled over the past decade. The growth in debt is attributed to increased spending under both the Trump and Biden administrations. This development is causing concern among politicians from both the Democratic and Republican parties, who are expressing outrage over the nation's financial situation.

Why it matters

The growing national debt in the US could lead to higher interest rates and decreased investor confidence. This may negatively impact the US economy and its assets.

Market impact

Markets & countries in focus

Transmission channels

Likely winners & losers

Related coverage

• Australia news live: Sarah Hanson-Young tells government to get on with real gambling reform or ‘we’ll do it in the Senate ourselves’ The Guardian · 2026-08-09

Explore the intelligence

MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to The Guardian. For information only — not financial advice.