The US national debt has surpassed $40 trillion, reaching $40.047 trillion on Tuesday afternoon, according to the Treasury Department, marking the highest level of debt in US history. It took nearly 200 years for America's gross debt to reach $1 trillion for the first time in 1981, said Maya MacGuineas, president of the Committee for a Responsible Federal Budget. The government deficit has doubled over the last decade, and $8.4 trillion of debt was added during Donald Trump's first term, while $4.3 trillion was added under Joe Biden's presidency. $1.8 trillion in new debt has been added since October 2025, with a significant portion going towards tariff refunds totaling $100 billion, according to the Bipartisan Policy Center. Experts warn that this high level of debt could lead to a loss of confidence in the US government and higher interest rates, potentially signaling expectations of higher inflation or even a global sovereign debt retrenchment.
insatiable appetite for borrowing
| Signal | Value | Weight |
|---|---|---|
| Correction rate | 0.000 | 0.4 |
| Uncertainty density | 0.088 | 0.25 |
| Assertive mismatch rate | 0.000 | 0.35 |