🚨The US is now less than $1.1 TRILLION away from hitting its legal debt limit. US debt has topped $40 TRILLION, against a $41.1 TRILLION borrowing limit set last year. Budget experts see the Treasury running out of room to borrow in the second half of 2027, per Bloomberg. Republicans are now weighing raising the limit again before a new Congress takes over, to deny Democrats leverage if they win the midterms.