National debt crosses $40 trillion and think tank warns: ‘The level of fiscal mismanagement is tragic

Why it matters

The national debt crossing $40 trillion marks a significant fiscal milestone with broad implications for credit markets, government borrowing costs, and fiscal policy credibility, warranting elevated attention from credit professionals despite the absence of immediate regulatory or policy action.

Sources

• Fortune

  National debt crosses $40 trillion and think tank warns: ‘The level of fiscal mismanagement is tragic

  "To anyone who cares about America, about democracy and our future, in my view, this is already a crisis," Michael Peterson told Fortune.