U.S. National Debt Nears $40 Trillion, Fastest Rise in History

The U.S. national debt has reached $39.95 trillion, marking the fastest trillion-dollar increase in U.S. history over five months, driven by a $432 billion deficit in July and over $1 trillion in annual interest costs. The debt now stands at 124% of GDP, nearing post-World War II highs, which is fueling arguments for Bitcoin as a hedge against government borrowing.