NPR News: 08-20-2026 7AM EDT

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2026-08-20

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  • Live from NPR News in Washington, I'm Janine Herbst.

  • The Treasury Department says the federal debt has now passed $40 trillion, a record.

  • And Pierre Scott Horsley has more.

  • A lot of the increased spending is the result of our aging population, which drives up costs for things like Medicare.

  • But Carolyn Bordeaux, who heads a deficit watchdog group called the Concord Coalition,

  • says some of it's driven by the growth of the debt itself.

  • The $40 trillion itself is just a number,

  • but you have to think about the impact that that will have on the interest payments.

  • We are now spending more on interest than we spend on national defense.

  • It is one of the highest categories in terms of our expenditures, and it's one of the fastest growing.

  • The government is spending more than a trillion dollars this year just paying interest on the debt,

  • and that's about 15% more interest than the government had to pay last year.

  • NPR Scott Horsley reporting.

  • At least 12 people are dead, more than 40 wounded following a Russian missile attack on the Ukrainian capital of Kiev.

  • The Russian strikes come as Ukraine says air defense capabilities remain low.

  • NPR's Charles Maines has more.

  • Russia's defense ministry said it attacked Kiev with missiles and drones.

  • Hitting a drone production factory as well as a military depot and a logistics hub.

  • Yet at least some of the Russian fire destroyed apartment buildings as well,

  • driving civilians out of their homes in the middle of the night.