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US Debt Tops $40 Trillion, Fiscal Hawks Urge Action

Published: 2026-08-20 05:53:27Category: financeHeat: 72

English summary

US federal debt surpassed $40 trillion, doubling in less than a decade, about 122% of GDP. The chair of the Committee for a Responsible Federal Budget urged lawmakers to act quickly, raising concerns over fiscal sustainability.

The English text is machine translated and may require verification against the Chinese version.

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