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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, chief among them 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 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 may witness a crisis of confidence in the dollar and Treasury bonds, especially given the waning international enthusiasm for holding these bonds, as recently occurred with some central banks. Additionally, the continued issuance of high-yield bonds to cover the deficit deepens risks and threatens the stability of the debt market as a whole. Despite the government's efforts to contain the situation through regulatory measures and tax reforms, the solutions appear limited without a clear political will to rein in spending and restore balance to the budget.