The U.S. national debt has reached record levels exceeding $37 trillion, amid rising concerns about the implications for financial and economic stability in the United States and the world. This alarming increase is due to a combination of structural factors, primarily the aging population and rising healthcare costs, which puts 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 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 believe that the U.S. financial system is approaching a critical point that could see a crisis of confidence in the dollar and Treasury bonds, especially in light of declining international enthusiasm for holding these bonds, as recently seen with some central banks. Additionally, 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 seem limited without clear political will to rein in spending and restore balance to the budget.