The US national debt has increased to a record $40.5 trillion

The US national debt has updated its historical maximum, exceeding the mark of $40.5 trillion. This was confirmed on October 28 by data published on the website of the US Treasury.

According to the latest information in the department's database, the volume of borrowings is $40.528 trillion. The threshold of $40 trillion was passed on August 18.

In two months, the debt initially increased by 1%, and has now added $500 billion. Over the past ten years, the figure has more than doubled: in these days of 2016, it was at about $19.8 trillion.

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According to statistics from the US Treasury Department dated October 21, the US government debt has updated its historical maximum, having increased by almost $400 billion over the past two months. In addition, the volume of borrowings approached the $40.4 trillion mark. Based on the current growth rate, analysts estimate that the figure could exceed $50 trillion by 2030.