The national debt surpassed a record $40 trillion on Wednesday, just five months after after the U.S. hit a record $39 trillion debt back in March.
A White House spokesman told the Associated Press that the Trump administration has been “focused on slashing waste, fraud, and abuse in federal spending while accelerating economic growth to get America’s debt-to-GDP ratio trending in the right direction.”
Economist Mike Walden joins LiveNOW’s Austin Westfall to discuss what contributes to the national debt and what to make of the latest milestone figure.
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