US National Debt Exceeds $40 Trillion After Decade-Long Double

The United States national debt has now exceeded $40 trillion, representing a doubling of the debt figure over the last ten years. This substantial increase in public borrowing comes as interest rates for 30-year bonds have recently climbed to their highest level in almost two decades.

The trajectory of US national debt reflects persistent fiscal policy choices, often driven by significant military spending, unfunded tax cuts, and economic stimulus measures. The long-term implications for the US economy and global financial stability remain a critical subject for analysis, particularly given Washington’s ongoing reliance on external creditors and the dollar’s role in underpinning the global financial system.