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Here's how America's $40 trillion debt can hit your wallet - Axios

Here's how America's $40 trillion debt can hit your wallet - Axios

Rising debt could pressure lawmakers to raise taxes, cut spending or change federal benefits.

State of play: The gross federal debt hit $40 trillion for the first time on Wednesday. That figure includes debt the government owes itself. Economists usually focus on the roughly $32 triโ€ฆ [+3113 chars]

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