With the U.S. on track to cross $40 trillion in national debt within weeks, former U.S. Ambassador Nikki Haley accused politicians of ignoring what she called one of the biggest financial threats facing younger Americans.
Debt Nears Historic Milestone
According to the U.S. Debt Clock, the national debt currently stands at more than $39.93 trillion, leaving the country within striking distance of the $40 trillion threshold.
In a post on X on Wednesday, Haley said the U.S. is expected to hit the $40 trillion debt mark within the next two weeks, adding, “we’re leaving an entire generation broke.”
Haley called the national debt “one of the biggest problems facing young Americans right now,” adding that politicians in Washington and across the country “aren’t even discussing it.”
In the next two weeks, our country will hit $40 trillion in debt. It’s one of the biggest problems facing young Americans right now, yet politicians in Washington and around the country aren’t even discussing it.
— Nikki Haley (@NikkiHaley) August 5, 2026
We’re leaving an entire generation broke. https://t.co/1XFUvOsiZU
Rising Debt, Rising Borrowing Costs
The debt milestone comes as the 30-year U.S. Treasury bond yield has climbed above 5.2%, its highest level since 2007, amid concerns over expanding federal deficits, heavy Treasury issuance and persistent inflation.
Last week, Haley’s criticized Washington as borrowings reached $60,000 every second and paying $24 billion a week in interest, accusing lawmakers of ignoring the nation’s worsening fiscal position.
Former Rep. Marjorie Taylor Greene called the Democrats and Republicans “total failures”, adding that the two parties have delivered “more debt, more foreign wars” and a higher cost of living.
The two parties give us the same result no matter who is in charge.
— Former Congresswoman Marjorie Taylor Greene🇺🇸 (@FmrRepMTG) August 6, 2026
More debt.
More foreign wars.
More unaffordable living no matter how hard you work.
The two parties are total failures. https://t.co/QrrbnmeZkF
Debt Concerns Extend Beyond Washington
Investor and "All-In Podcast" co-host Jason Calacanis recently said that President Donald Trump was on track to add more debt during his second term than during his first, despite campaign promises to reduce the national debt.
In July, publicly held federal debt exceeded 100% of gross domestic product for the first time since 1946.
The U.S. debt-to-GDP ratio currently stands at 123.30%.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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