Trump Pledged Fiscal Restraint. Instead, Debt Tops $40 Trillion As Borrowing Costs Rise | HuffPost Latest News
Trump Pledged Fiscal Restraint. Instead, Debt Tops $40 Trillion As Borrowing Costs RiseThe debt surpassed $40 trillion just ahead of the upcoming November midterm elections that will determine if Republicans keep control of Congress for the second half of Trump’s final term.Jacob BogageSep 2, 2026, 12:01 PM EDT340 Comments
LOADINGERROR LOADING 1/1 Skip Ad Continue watchingafter the adVisit Advertiser websiteGO TO PAGEWASHINGTON, Sept 2 (Reuters) – Donald Trump returned to the White House promising to get the United States’ financial house in order by slashing the scope of the federal government, ending costly “forever wars” and spurring economic growth to tame spiraling deficits.Instead, the national debt has surged past $40 trillion in the first 19 months of his second term. Federal spending has grown, not shrunk. The six-month-old Iran war has become an expensive stalemate. And the cost of servicing the U.S. debt, meanwhile, has grown as yields on some U.S. bonds hit their highest levels in nearly two decades.
