Trump pledged fiscal restraint. Instead, debt tops $40 trillion as borrowing costs rise

Despite pledges of fiscal restraint from Trump, the national debt has surpassed $40 trillion as borrowing costs continue to rise. Experts warn that this trajectory is creating a looming fiscal crunch. Consequently, a future president and Congress will likely be forced to implement difficult economic measures. These potential actions include raising taxes or trimming the social safety net to address the growing financial instability and manage the country's significant debt obligations effectively.