U.S. federal debt hits $40 trillion as annual interest tops $1 trillion
The U.S. federal debt reached a record $40 trillion this week, federal data show.
The data also show that interest payments on the accumulated debt now exceed $1 trillion a year.
The figures indicate the debt has doubled since 2017, according to the same data.
The reported totals were released this week. Image credit: Mandel Ngan.
Source: Original Article
