U.S. national debt surpasses 40 trillion

The total U.S. public debt has exceeded $40 trillion unexpectedly, just five months after reaching $39 trillion in March. This surge is due to increased long-term commitments such as military spending and social programs. Rising yields on long-term Treasury bonds, amid inflationary pressures and a war in the Middle East, are driving up financing costs, thereby increasing the debt and impacting citizens' budgets through higher interest rates on loans and goods. Despite warnings about sustainability and Downgrades in credit ratings, the dollar remains a safe haven. Unless GDP declines, the situation may remain under control temporarily.

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