The U.S. national debt is about to reach $40 trillion milestone - and it's likely to hit $50 trillion soon

The national debt could hit $50 trillion by mid-2029. In the coming days the U.S. national debt is set to breach $40 trillion for the first time. Soberingly, Bank of America's chief equity strategist, Michael Hartnett. predicts that the next milestone, $50 trillion, will be reached in July 2029.