US National Debt Surpasses $40 Trillion Amid Rising Interest Costs

37 trillion dollars for the fiscal year and are on track to overtake Social Security spending. The Treasury is intervening to suppress borrowing costs while both major parties avoid the tax increases or spending cuts needed to reverse the trend, with analysts warning government will likely act only after a market crisis forces its hand. Such unsustainable debt dynamics build conditions in which a future financial shock could accelerate demand for centralised economic authority.