The Economic Times

Trumps second-term policies put US finances under growing strain as debt tops $40 trillion

During President Trump's presidency, the national debt of the U.S. has ballooned to over forty trillion dollars. Federal expenditures are on a relentless rise, and interest on loans is climbing steeply. The tax reductions implemented by his administration have multiplied the national debt by trillions. This fiscal decline has roots that stretch back well before Trump, influenced by initiatives from both parties.