U.S. debt tops $40 trillion. And, new census report Trump is touting raises concerns

Trump Warns Economic Warfare For Aiding Iran, Federal Debt Grows, Venezuela Oil Deals Good morning. You're reading the Up First newsletter. Subscribe here to get it delivered to your inbox, and listen to the Up First podcast for all the news you need to start your day. Today's top stories The U.S. government's debt surpassed $40 trillion yesterday, and there are no signs that it will decrease. So far this year, Washington has added more than $2 trillion to the deficit. The federal government's accumulated debt has reached a record $40 trillion, according to a daily update from the Treasury Department. Government spending is expected to exceed tax revenues by more than $2 trillion this year. Tasos Katopodis/Getty Images North America hide caption toggle caption Tasos Katopodis/Getty Images North America 🎧 The rapid growth of the debt is happening because the government is spending significantly more than it receives, NPR's Scott Horsley tells Up First. The government will spend more than $1 trillion this year just to pay interest on the debt, which is about 15% more than it spent on interest last year. Horsley says what's remarkable is that debt is hitting a new high during relative...