The United States has surpassed $40 trillion in national debt, a figure that now represents more than 120% of the nation's Gross Domestic Product (GDP). This milestone highlights a rapid accumulation of debt, having doubled from $20 trillion in 2017.
The increasing debt carries significant financial implications, particularly the cost of financing it. Investors are demanding higher premiums to lend money to the U.S. government, a shift from the previous