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The Latest: The US national debt hits a record $40 trillion

The Latest: The US national debt hits a record $40 trillion
Photo: KSAT 12 (ABC affiliate) · view original

The United States' debt surpassed a record $40 trillion Wednesday, a staggering milestone as defense costs, social programs and interest on the burgeoning deficit make up an enormous share of federal spending. The milestone figure was recorded just five months after the U.S. hit a record $39 tril...

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