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Story summary
- U.S. Treasury Department reported national debt surpassed $40 trillion, reaching $40.047 trillion.
- Public debt totals $32.266 trillion and intragovernmental debt $7.782 trillion.
- Fiscal deficit hit $1.367 trillion in FY2026’s first nine months.
- Net interest payments of $827 billion exceeded defense spending of $713 billion, ranking second after Social Security.
- Bipartisan Policy Center estimates the $41.1 trillion debt limit will be hit between late winter and mid-summer 2027, requiring congressional action.
