Business · Important news for 22 August 2026
US National Debt Officially Surpasses $40 Trillion for the First Time
The United States national debt has crossed the $40 trillion threshold for the first time in history amid ongoing fiscal expansion.
- The US national debt surpassed $40 trillion
- This marks the first time the national debt has reached this level
Bessent Signals Readiness to Boost Treasury Buybacks Further
Treasury Upsized Buybacks Complicate Fed Monetary Policy
Bond market acts like Great Recession era as 30-year Treasury yield climbs above 5%
US economy faces renewed scrutiny after hitting new debt milestone
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