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$XAU Theالح#AlphabetToBuyUpTo$12.2BMarvellShares #CryptoRally #FOMCWatch #AdnocPlansToTrimAsiaCrudeShipments American public debt surpasses $40 trillion for the first time... Is Washington approaching a financial crisis?

For the first time, total U.S. government debt has surpassed the $40 trillion mark, a development reflecting escalating pressures on the United States’ public finances amid continued deficits, rising costs of social safety net programs, and interest payments, while revenues decline due to tax cuts.

The latest data from the U.S. Treasury Department showed that the total outstanding public debt reached $40.047 trillion as of Tuesday. Of this, about $32.266 trillion consists of Treasury securities held by the public, while debts held by government agencies are around $7.782 trillion.