Prolonged Iran war costing dearly? US debt tops whopping USD 40 trillion, fourth record high under Trump
Washington: The US national debt has surpassed a record USD 40 trillion, marking an unprecedented milestone driven by rising defence spending, major social programmes such as Social Security and Medicare, and mounting interest payments on the federal deficit. The milestone marks the fourth time the debt has increased during Donald Trump's second tenure as President. The debt reached USD 40 trillion just five months after crossing the USD 39 trillion mark in March and five months after surpassing USD 38 trillion in October. The rapid increase underscores the growing pressure on the US government to balance competing priorities, including higher…