The US government’s total debt has exceeded $40 trillion for the first time, according to data released Wednesday by the Treasury Department. This milestone arrives amid rising interest rates, potentially increasing the cost of servicing the debt. The data reflects the cumulative effect of years of government spending and borrowing. Experts warn that sustained high debt levels could pose risks to long-term economic stability. The rising debt burden is linked to factors such as pandemic-related spending, tax cuts, and demographic shifts. The Treasury Department’s publication of this figure marks a significant moment in US financial history, prompting increased scrutiny of fiscal policy. This development is being closely watched by economists and investors globally.