The U.S. national debt has surpassed the historic $40 trillion mark, putting renewed attention on federal spending and the long-term health of the American economy.
The growing debt comes as investors continue to watch interest rates, government borrowing and the outlook for economic growth. Higher borrowing costs can make servicing the federal debt increasingly expensive and add pressure to future budgets.
Economists and policymakers continue to debate how Washington should address the issue, including the balance between government spending, taxes and economic growth.
For millions of Americans, the debate matters because federal debt and interest costs can influence future government programs, taxes and the broader economy.
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