America’s borrowing costs are surging. Washington is shrugging.

This version of National Debt Deficit Washington Shrugging Bonds Interest Rates Rcna592935 - Politics and Government | NBC News Clone was adapted by NBC News Clone to help readers digest key facts more efficiently.

The national debt now totals $40 trillion, or about 123% of the gross domestic product, as it’s getting costlier to pay down. Few politicians are eager to confront the issue.
Trump Readies Tariffs And Price Floor To Help US Polysilicon
The U.S. Capitol on Aug. 5, 2026.Aaron Schwartz / Bloomberg via Getty Images file

WASHINGTON — A record national debt. A rapidly ballooning deficit. Interest payments on track to surpass Medicare as the government’s greatest expense. None of it seems to matter much in Washington, where President Donald Trump and the Republican-controlled Congress have enacted an agenda that adds trillions of dollars to the national debt, with upcoming legislative plans that would pile on even more red ink.

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