$BTC

The US national debt has reached record levels exceeding $37 trillion, at a time when concerns are rising 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 place immense pressure on long-term government spending programs such as health insurance and retirement. Concurrently, servicing the national debt through interest payments has become the fastest-growing item in the budget, with expectations to consume over $13 trillion in the coming decade, which could undermine the government's ability to finance its future priorities. This is accompanied by serious warnings from prominent economists, who believe the US financial system is approaching a critical point that may witness a crisis of confidence in the dollar and Treasury bonds, especially amid declining international enthusiasm for holding these bonds, as recently seen 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 the government's efforts to contain the situation through regulatory measures and tax reforms, solutions appear limited without clear political will to rein in spending and restore balance to the budget.