The U.S. debt has surpassed a significant milestone, reaching $40 trillion. This rapid growth is attributed to the government adding debt at a rapid rate. As a result, nervous investors are demanding higher interest rates.

This shift is having a ripple effect, causing borrowing costs to increase for everyone else. The federal debt reaching $40 trillion marks a record high, with significant implications for the economy.

Further details on the impact of the rising debt and its effects on interest rates are available from the source, providing more insight into this developing situation.