US Politics — Today

The United States national debt crossed $40 trillion this week — more than doubling since $19.95 trillion when Donald Trump first entered the White House in 2017. Treasury Secretary Scott Bessent tried to reassure a nervous public, telling CNBC's Sara Eisen that "there's nothing magic about the $40 trillion number, and we can grow our way out of that." His insistence came as the monthly budget deficit hit $432 billion in July alone — its highest level in...