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Market Impact: 0.42

US Public Debt Climbs Above $40 Trillion for the First Time

Fiscal Policy & BudgetSovereign Debt & RatingsCredit & Bond Markets

US total public debt reached $40.05T as of Tuesday’s close, rising by about one-third in under five years. The rapid expansion adds pressure to government borrowing needs and can weigh on credit/bond markets even without an immediate policy change.

Analysis

US total public debt reached $40.05T as of Tuesday’s close, rising by about one-third in under five years. The rapid expansion adds pressure to government borrowing needs and can weigh on credit/bond markets even without an immediate policy change.

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