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National debt tops $40 trillion after doubling in less than a decade, Treasury data shows

The national debt topped $40 trillion, according to Treasury Department data released on Wednesday, representing a fiscal milestone that underscores the federal government’s mounting borrowing and interest costs.   The Treasury Department’s daily financial report shows that the nation’s debt reached $40.05 trillion on August 18, more than double its level in 2017. The federal debt has…

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U.S., South Korea cut short their joint military drills at Trump’s direction

The South Korean and U.S. militaries have agreed to shorten their drills at the United States’ request, officials for both nations acknowledged Wednesday, days after President Trump ordered cuts to the exercises. The allies’ summertime Ulchi Freedom Shield exercises began Monday morning for an 11-day run, just after Mr. Trump ordered they be scaled back….

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