U.S. National Debt Approaches $40 Trillion Mark

Why it matters locally: While the national debt is a federal issue, a rising debt can impact interest rates on state and municipal bonds, potentially affecting the cost of borrowing for infrastructure projects and services in Massachusetts.

The United States national debt is expected to reach $40 trillion, according to projections. This upcoming figure represents a new record high for the nation's total federal borrowing. Economists view this milestone as an indicator. Lisa Desjardins, a congressional correspondent, explained that many economists consider the figure a warning sign.