Sung Won Sohn, LMU professor of finance and economics, commented on the growing national debt, noting that it first crossed $1 trillion on Oct. 23, 1981. The debt exceeded $40 trillion in August 2026, and is growing by roughly $2 trillion a year. “Heavy Treasury issuance, budget battles and no credible fiscal plan lead investors to demand higher yields,” Sohn said.
Source: USA Today