The gross public debt of the United States reached 40.047 trillion dollars on Tuesday, according to data released by the Treasury Department. It is the first time the figure has crossed that threshold, and it has arrived earlier than expected: the Congressional Budget Office had projected 39.4 trillion by the end of fiscal 2026 and placed the jump to 40 trillion in 2027.

The national debt is now over $40 trillion, a historic high that economists warn is bad news for the United States.

Budget watchdog groups have been anticipating the news for weeks, with some issuing stark warnings of a debt crisis