U.S. debt held by the public surpasses 100% of GDP

HUGE: U.S. federal debt held by the public has surpassed 100% of GDP as total federal obligations approach $39.7 trillion.
Crossing the 100% threshold highlights the scale of America's growing fiscal burden as borrowing continues to rise faster than the economy.
Higher debt also makes federal finances increasingly sensitive to interest rates, with more government revenue required to service outstanding obligations as debt is refinanced.
The longer yields remain elevated, the more pressure this creates for the federal budget and Treasury market.