U.S. national debt now stands at $40 trillion
Kush Desai, a White House spokesman, said the Trump administration “has been focused on slashing waste, fraud, and abuse in federal spending while accelerating economic growth to get America’s debt-to-GDP ratio trending in the right direction.” | Photo Credit: AP The national debt surpassed a record $40 trillion on Wednesday (August 19, 2026), a staggering…