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  3. Here's how America's $40 trillion debt can hit your wallet

Axios

Here's how America's $40 trillion debt can hit your wallet

The U.S. national debt this week topped $40 trillion, raising fresh concerns about how rising federal borrowing could affect Americans' finances.Why it matters: Americans don't personally owe the national debt, but rising debt could pressure lawmakers to raise taxes, cut spending o

H

By Herb Scribner

20 August 2026|1 min read|Axios
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Business & Leadership
Here's how America's $40 trillion debt can hit your wallet
Here's how America's $40 trillion debt can hit your wallet
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