WASHINGTON, October 21 2026, The United States’ national debt has climbed by nearly US$400 billion in two months, approaching US$40.4 trillion after surpassing the US$40 trillion milestone in August.
Data from the US Treasury Department showed that the national debt crossed US$40 trillion on Aug 19, before rising by another US$250 billion by early October.
The debt continued to increase, reaching US$40.396 trillion as of Oct 19, marking a new record.
Analysts project that the national debt could exceed US$50 trillion by 2030 if the current growth trend continues.
Meanwhile, the Congressional Budget Office forecasts that US federal debt will reach a level equivalent to 20 per cent above the country’s gross domestic product (GDP) by 2036.
— BERNAMA-SPUTNIK/RIA NOVOSTI
