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TODAY'S MARKET INTELLIGENCE

US Debt Tops $40 Trillion, Fiscal Hawks Urge Action

Published: 2026-08-20 05:54:04Category: financeHeat: 72

English summary

US federal debt surpassed $40 trillion on Tuesday, doubling in less than a decade. Maya MacGuineas, president of the Committee for a Responsible Federal Budget, urged lawmakers to act quickly, noting debt-to-GDP is rising, reaching about 122% in Q1 2026.

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

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