US National Debt Oh My 8/26/28

Summary

This CNBC Your Money Minute segment covers the US national debt hitting $40 trillion. Becky Quick provides historical context from the debt clock, and former St. Louis Fed President James Bullard warns that persistent 6% federal deficits are worrying markets and create future crisis risk. The segment also notes the Peter G. Peterson Foundation's expanded national debt clock displays.

• The US national debt clock hit $40 trillion in mid-August.
• Becky Quick notes the debt was $2.7 trillion when the clock launched in 1989, a 1,381% increase.
• The implied family share of the national debt is more than $683,000.
• James Bullard says federal deficits are projected at 6% out to 2030 and beyond.
• Bullard warns entrenched fiscal deficits could make a future crisis very bad for the US.
• The Peter G. Peterson Foundation has placed national debt clocks in multiple cities and online.
• No specific tradeable investment idea is directly offered.