US debt hits $40 trillion: Who does Washington owe and why does it matter? Post author:mck Post published:August 20, 2026 Post category:Blog Heavy borrowing, increased spending and tax cuts by Democratic and Republican administrations have long raised concern. You Might Also Like Kamindu, spinners lead Sri Lanka to Test series win over New Zealand September 29, 2024 Video: Satellite images reveal damage to several Iranian military bases March 7, 2026 US lawmaker Marjorie Taylor Greene blames Trump for threats after split November 16, 2025