Why The Midterms May Not Change America’s $40 Trillion Debt

Summary

The U.S. national debt has surpassed $40 trillion, while the federal budget deficit for fiscal 2026 reached nearly $2 trillion. CNBC's Matt Peterson and Alex Harring break down what's driving America's growing debt, how rising Treasury yields and interest payments could affect mortgage rates and the broader economy, and whether AI-driven economic growth or action in Washington could help address the country's fiscal challenges. Chapters: 0:00 Introduction 1:09 What's driving the deficit? 2:24 Cost to Americans 3:35 Economic growth 5:06 The midterms Produced and Shot by: Charlotte Morabito…

Description from CNBC.