Approximately how much is the U.S. national debt?
$15 trillion
$25 trillion
$30 trillion
$40 trillion
Fact: The federal debt hit a record $40 trillion this week, according to the Treasury Department. The national debt represents the total amount the federal government owes after years of spending more than it collects in revenue. It includes debt held by the public, such as Treasury securities owned by investors, as well as money the government owes to federal trust funds. The debt has grown dramatically in recent decades, roughly doubling from $20 trillion in 2017, as federal spending and annual budget deficits have continued to rise.
Correct Answer: $40 trillion