US Debt Hits $40 Trillion as Bessent Says US Needs to Grow Their Way Out

The U.S. debt load has crossed the 40 trillion dollar mark, and the stated plan from both the president and the Treasury secretary Scott Bessent is to grow through it rather than cut spending. James Stanley, StoneX Media Senior Market Analyst, breaks down why the debt backdrop is not unique to the United States, and how last weeks' actions by the Treasury impacted the markets. View his full report in the related video.