https://www.live-feeds.com/feed/the-40-trillion-national-debt-and-the-bond-market-s-revolt-top-wall-street-strategists-explain-how-we-got-into-this-messContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/the-40-trillion-national-debt-and-the-bond-market-s-revolt-top-wall-street-strategists-explain-how-we-got-into-this-messhttps://www.live-feeds.com/feed/the-40-trillion-national-debt-and-the-bond-market-s-revolt-top-wall-street-strategists-explain-how-we-got-into-this-mess#u50200Fri, 28 Aug 2026 00:21:57 +0000The United States national debt has crossed the $40 trillion threshold, doubling during the Trump and Biden administrations. This surge has triggered volatility in the bond market and increased pressure on mortgage payments. While some economists are now expressing panic over the spending bill, Bessent suggests there is a "very good chance" the budget deficit under Trump has peaked. Current instability is affecting the viability of Trump's plan to raise the borrowing limit as Treasury markets face a difficult summer both domestically and abroad.Why it mattersThe national debt re