US debt crosses $40 trillion threshold after doubling under Trump and Biden

The U.S. federal debt has reached a record $40 trillion threshold, marking a significant increase since 2017. This figure is more than double the $19.95 trillion recorded when Donald Trump first entered the White House. The national debt grew under the administrations of Trump and Biden. Currently, the government spends over $1 trillion annually just to cover interest payments on the accumulated debt, highlighting the scale of the federal financial burden facing the United States.