For the first time, US government debt has exceeded $40 trillion, or will affect ordinary people

For the first time, the United States Treasury had surpassed $40 trillion, a figure that was much earlier than most budget forecasters expected. The United States Treasury debt almost doubled in less than a decade, and borrowing is now outpacing tax revenues, resulting in a national crisis affecting all corners of the economy. The increase in national debt means that the burden on everyone is also increasing, and interest payments are expected to exceed $1 trillion this year, a record high。