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US debt tops $40 trillion under Trump's second term

CNN Business Senior Reporter Matt Egan breaks down the drivers to the growing national debt, and what that means for everyday consumers. Kalshi is CNN's official prediction market partner.

4:05 • Source: CNN
Latest from CNN Business 15 videos
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US debt tops $40 trillion under Trump's second term
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US debt reaches grim $40T milestone sooner than expected
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LOS ANGELES, CALIFORNIA - MAY 20: In this photo illustration, the OpenAI logo is reflected on the screen of a smartphone with the ChatGPT website displayed on May 20, 2026 in Los Angeles, California. OpenAI is reportedly preparing to confidentially file for an initial public offering in the coming days or weeks, with a public debut potentially targeted for September, as the ChatGPT maker works with Goldman Sachs and Morgan Stanley on what could become one of the most highly anticipated tech IPOs in recent years. (Photo Illustration by Justin Sullivan/Getty Images)
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OpenAI rolling out "ChatGPT for Teens" with safeguards
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Meta faces trial over child safety, social media addiction
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Trays of HARIBO Goldbears roll along the production line at the company's headquarters in Grafschaft, Germany.
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Inside the gummy-filled world of HARIBO
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An aerial view of HARIBO's headquarters in Grafschaft, Germany.
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How HARIBO grows by focusing on local markets around the world
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Inside Shein's discounted IPO haul
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Inside China’s race to bring humanoid robots into factories
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Abandoned factories are being resurrected for the AI revolution
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Make It Make Sense: How do we know if we're headed into a recession?
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July jobs report: 23,000 jobs lost, unemployment dips to 4.1%
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MIAMI, FLORIDA - OCTOBER 03: A 'Now Hiring' sign is posted outside of a business on October 03, 2025 in Miami, Florida. Due to the U.S. Government shutdown the Bureau of Labor Statistics will not be releasing September's employment data. (Photo by Joe Raedle/Getty Images)
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'Not going to cut it': What the latest jobs report tells us about the economy
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First-class cargo: How to fly a horse between continents
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Make It Make Sense: Where is my tariff refund?
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Meta says it's investigating after AI model hacked another company during testing
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