#USNationalDebt  U.S. faces a critical moment with its record-high national debt, rising costs to service that debt, and political challenges in managing fiscal policy, all of which could have broad economic implications.

 U.S. national debt has recently surpassed $37 trillion, raising significant concerns about the country's financial stability and economic outlook. Nearly one-third of this debt—about $11 trillion—needs refinancing within the next year, which poses a challenge amid rising interest rates that have increased the cost of servicing the debt by 34%, reaching nearly $1 trillion annually.