$40tn debt, $1.8tn deficit: Why US fiscal strain is worrying global markets

US public debt has now surpassed forty trillion dollars, and the fiscal deficit continues to widen. Rising Treasury yields are emerging as a key market risk, potentially pressuring equities. Government spending has surged while receipts have declined, compounding financial pressures. Interest payments have become a major federal budget burden, surpassing Medicare spending. This fiscal backdrop is