US Debt Crisis and Dollar Reserve Status
US national debt reaches $40 trillion; central banks fleeing dollar. $800B borrowed in 3 months, $1T+ annual interest. Federal deficit $432B in June, $1.37T YTD, CBO projects $2.1T for FY2026. Treasury Secretary Bessent intervenes. Florida primary upset (Nixon beats Vindman) highlights campaign finance dynamics.
Sources (2)
Updated Aug 21, 2026