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U.S. National Debt Reaches $40 Trillion
09/25/2026 · North Carolina edition
Why it matters locally: An increasing national debt can lead to higher interest rates nationally, potentially impacting borrowing costs for North Carolina businesses and local government projects.
The United States national debt exceeded $40 trillion on Wednesday. This figure represents a new record. Defense spending, social programs such as Social Security and Medicare, and interest payments on the existing debt collectively account for a substantial portion of federal expenditures.
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