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U.S. federal debt reaches $40 trillion amid debate over billionaire taxation

The headline reports U.S. federal debt of $40 trillion and renewed debate over whether taxing billionaires could address it. It highlights a major national fiscal concern.

By DoomRadar · Published on DoomRadar .

Why it matters

High public debt can constrain fiscal policy and contribute to financial-market or economic risks.

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  1. Musk warned taxing billionaires 100% won't fix the debt, now it's $40 trillion ↗finance.yahoo.com · Recorded source date: Aug 24, 2026, 5:31 PM UTC

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