#USNationalDebt

The national debt of the U.S. has surpassed $37 trillion, a new all-time high. The cost of servicing this debt has increased dramatically due to higher interest rates, with reports indicating that interest payments now exceed even defense spending.

Experts warn that this trajectory is unsustainable and could lead to an economic crisis, with the Department of the Treasury needing to refinance trillions in the coming year. The situation underscores the urgency of addressing the imbalance between federal spending and revenue.