The U.S. national debt crossed another historic milestone on Wednesday as it topped $40 trillion for the first time in history amid persistent federal budget deficits that are causing the debt to soar higher.

Data from the Treasury Department released on Wednesday showed that the gross national debt reached $40,047,425,768,420.22 as of Aug. 18.

The $40 trillion milestone comes after the federal government’s debt burden crossed the $39 trillion threshold about five months ago in March, which closely followed the $38 trillion mark being crossed in October 2025.

America’s national debt is growing rapidly due to surging interest costs, which are…

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