The national debt has surpassed $40 trillion, with the federal deficit continuing to grow. As a result, the cost of servicing the debt is increasing. This means a larger portion of federal revenue must be allocated towards interest payments. The consequences of the rising debt are significant and impact more than just accounting.

Further details on the federal deficit and national debt are available. The growing debt has notable implications for the allocation of federal revenue.

More information can be found in the source publication for those seeking a deeper understanding of the issue.