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The U.S. national debt has reached record levels exceeding $37 trillion, amid rising concerns about its implications for the financial and economic stability of the United States and the world. This alarming increase is attributed to a combination of structural factors, primarily an aging population and rising healthcare costs, which put immense pressure on long-term government spending programs such as health insurance and retirement. Concurrently, servicing the national debt through interest payments is the fastest-growing item in the budget, with expectations that it will consume more than $13 trillion over the next decade, which could undermine the government's ability to fund its future priorities. This is accompanied by serious warnings from prominent economists, who see the U.S. financial system nearing a critical point that could witness a crisis of confidence in the dollar and Treasury bonds, especially amidst a decline in international enthusiasm for holding these bonds, as has recently occurred with some central banks. Furthermore, the continued issuance of high-yield bonds to cover the deficit deepens risks and threatens the stability of the entire debt market. Despite government efforts to contain the situation through regulatory measures and tax reforms, solutions appear limited without clear political will to rein in spending and restore budget balance.