Trump’s America faces a ‘doom loop’ as it falls in a $56 trillion hole
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Source: The Age
Published: 2026-08-20 11:45 UTC+10:00
Section: Business / The economy
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Economy & Finance, Tax & Budget, US Politics, Business & Economy
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Snippet:
Total US public debt surpassed $US40 trillion ($56 trillion) for the first time, and has now surged by a third in less than five years, as US lawmakers continue to shrug off calls to contend with historically wide fiscal deficits.
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