The U.S. national debt surpassed $40 trillion for the first time on August 19, 2026, more than doubling in a decade to nearly 125% of GDP. The milestone has raised widespread concerns about fiscal sustainability and rising borrowing costs. In response, the Treasury announced it would increase long-term bond buybacks to manage yields.
- The U.S. national debt exceeded $40 trillion, more than doubling from $19.4 trillion a decade ago.
- The debt now represents nearly 125% of GDP, with annual interest payments approaching $1.2 trillion.
- The Treasury announced increased long-term bond buybacks to manage yields.