US National Debt Oh My 8/26/28

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.