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U.S. national debt projected to reach $40 trillion milestone

MarketWatch · first seen 14.08.2026

Bank of America strategists project the U.S. national debt will hit $40 trillion soon and reach $50 trillion by 2029, influencing asset preferences toward stocks over bonds.

  • Bank of America chief equity strategist Michael Hartnett projects the $40 trillion debt milestone soon.
  • The debt is expected to hit $50 trillion by 2029, shifting some investor preference toward stocks.

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