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America's Debt Hits $40 Trillion: Over $1T Interest Bill Nearly Matches Defense Spending

International Business Times UK — August 20, 2026 at 11:32 AM UTC

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America's Debt Hits $40 Trillion: Over $1T Interest Bill Nearly Matches Defense Spending

US national debt surpasses $40 trillion: find out why annual debt payments now exceed Pentagon spending and what it means for American mortgage rates.