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Last month, the U.S. national debt surpassed the $40 trillion mark for the first time, making it the largest government debt in history, and it continues to rise, reaching approximately $40.18 trillion in early September 2026. Despite this, the government has continued paying its employees' salaries and has not halted the sale of Treasury bonds, as investors keep buying them, supported by confidence in the dollar as a global reserve currency. The accumulation of debt is attributed to a persistent fiscal deficit over the years, resulting from increased government spending and declining revenues—especially following financial crises and the COVID-19 pandemic. Projections indicate interest payments will rise to $1 trillion in 2026 and $2.1 trillion in 2036, posing a significant financial challenge for the U.S. government and the global economy. The sustainability of this enormous debt relies on investors' confidence in Washington's ability to meet its obligations.
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