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Federal debt exceeds $39 trillion for the 1st time. Why is this milestone significant?

The federal debt passed an uncomfortable milestone this year, outgrowing the entire U.S. economy. That poses risks, but policymakers show little sign of addressing it.

Copyright 2026 NPR

Scott Horsley is NPR's Chief Economics Correspondent. He reports on ups and downs in the national economy as well as fault lines between booming and busting communities.
Scott Simon is one of America's most admired writers and broadcasters. He is the host of Weekend Edition Saturday and is one of the hosts of NPR's morning news podcast Up First. He has reported from all fifty states, five continents, and ten wars, from El Salvador to Sarajevo to Afghanistan and Iraq. His books have chronicled character and characters, in war and peace, sports and art, tragedy and comedy.