The $40 Trillion Bet: Can Washington Find Fiscal Sanity? The United States has reached a dubious milestone, with national debt surpassing the $40 trillion threshold.
This development has far reaching implications and raises alarms among economists, who warn that America's fiscal policy is spiraling out of control.
According to the Congressional Budget Office (CBO), deficits have grown so large that the U. S. Treasury pays approximately $3 billion per day in interest alone.