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The Latest: The US national debt hits a record $40 trillion

The United States' debt surpassed a record $40 trillion Wednesday, a staggering milestone as defense costs, social programs and interest on the burgeoning deficit make up an enormous share of federal spending. The milestone figure was recorded just five months after the U. S. hit a record $39 trillion debt in March. It reached $38 trillion five months before that, in October. The Latest:White House legislative affairs director James Braid is leaving his postBraid was in charge of helping to a...

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