US gross national debt tops $40tn for first time, likely to escalate fears of fiscal crisis
Rising costs of social safety-net programs, military and Trump’s tax cuts strain federal government budgetsThe US gross national debt pile has topped $40tn for the first time, the treasury department said on Wednesday, in another troubling milestone in the wake of decades of borrowing to fund government spending.As the rising costs of social safety-net programs, the military and Donald Trump’s ta...