The U.S. debt tops a record-shattering $40 trillion. Yes, with a T.

The federal government

The federal debt reached $40 trillion as the government adds red ink at a rapid rate. That’s leading nervous investors to demand higher interest rates —pushing up borrowing costs for everyone else.

(Image credit: Tasos Katopodis)

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Source: NPR.

Written by

Scott Horsley

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