US national deficit has doubled over the past decade with spending growing under Trump and Biden US gross national debt tops $40tn for first time Sign up for the US Breaking News email During his presidential campaign in October 2024, Donald Trump staged a photo op at a McDonald’s franchise in Pe...
Source: [Guardian World](https://www.theguardian.com/us-news/live/2026/aug/20/donald-trump-national-debt-borrowing-record-michael-cohen-canada-iran-latest-news-updates)