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Peterson Foundation

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Situations

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US debt surpasses $40T; rising interest costs spark crisis

74 clusters · 405 sources · last updated

Latest: United States national debt surpasses $40 trillion

By late 2026, the U.S. national debt has surpassed $40 trillion, reaching approximately $40.047 trillion on August 18, 2026. This milestone was reached faster than anticipated during the first 19 months of Donald Trump’s

[ACTIVE] [BUSINESS] [US] [CN] [DE]

US federal budget deficit reaches $1.99 trillion in FY2026

15 clusters · 134 sources · last updated

Latest: United States budget deficit rises to nearly $2 trillion in fiscal year 2026

The United States federal budget deficit reached approximately $1.99 trillion for fiscal year 2026, marking a 12% increase from the $1.78 trillion deficit in 2025. This represents the third-largest annual deficit in U.S.