Global EditionPremium world briefings with timeline, impact, and future-watch analysis.
In 2016, Trump pledged to erase the federal debt. It just hit $40tn | Steven Greenhouse
BusinessThe Guardian03 Sept, 06:01 pmAtlasHour
Business

In 2016, Trump pledged to erase the federal debt. It just hit $40tn | Steven Greenhouse

The trillions in tax cuts going to the rich and corporations could have instead been used to address the affordability crisis Dear reader, I recognize that your eyes might glaze over at any mention of the nation’s $40tn federal debt. But your reaction to this mind-boggling number shouldn’t be ennui; it should be outrage and dismay. Outrage is in order because the nation’s debt has climbed to more than $40tn under Donald Trump, even though back in 2016, when the debt was less than half what it is today, candidate Trump insisted that he’d totally eliminate the debt within eight years. That was yet another example of the Demagogue-in-Chief’s willingness to say anything, no matter how insincere or untrue, to woo voters...

Source-linkedAtlasHour DeskThe Guardian03 Sept, 06:01 pm

What happened

The trillions in tax cuts going to the rich and corporations could have instead been used to address the affordability crisis Dear reader, I recognize that your eyes might glaze over at any mention of the nation’s $40tn federal debt.

Why it matters

AtlasHour context: this story may affect public policy, global affairs, business confidence, technology direction, energy security, or civic life.

Global context

The story is being tracked through Global Markets.

Who is affected

Global Markets

What to watch next

Readers should watch official responses, local reaction, source updates, and whether the story changes the next decision cycle.

Read the original source
Why It Matters

The consequence layer

AtlasHour context: this story may affect public policy, global affairs, business confidence, technology direction, energy security, or civic life.

Watch Next

What To Watch Next

Key Facts

Three facts to keep in view

1Source

The Guardian

1 min readRead time

Designed for a concise world-news brief.

1Context tags

Used for editorial story mapping and source context.

Read Next

Related Stories

AtlasHour updates articles as new verified information becomes available. Corrections and source context can be sent to the newsroom.