U.S. national debt rises to $39 trillion, with annual interest payments of about $1 trillion.

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Odaily Planet Daily News: The scale of U.S. Treasury debt has risen to about 39 trillion USD, with public debt equivalent to the total U.S. GDP. Annual interest payments have reached about 1 trillion USD, exceeding the defense budget. The U.S. Treasury system can be traced back to the debt consolidation reform promoted by Alexander Hamilton in 1790, when the federal government uniformly assumed the wartime debts of the states and promised full repayment, thereby establishing the U.S. credit system and laying the global status of the dollar and U.S. Treasuries. Today, U.S. Treasuries are regarded as one of the core assets of the global financial system, supporting the dollar's reserve currency status and widely held by central banks and financial institutions worldwide. As the debt scale continues to expand, market concerns about long-term sustainability have intensified. According to calculations by the Penn Wharton Budget Model, when the debt-to-GDP ratio exceeds about 210%, the fiscal system may face unsustainable risks. Currently, the U.S. ratio is approximately 100%, and the Congressional Budget Office projects it could rise to 175% by 2056. Analysts believe that under the scenario of rising medical spending and expanding fiscal deficits, this risk threshold may arrive earlier, and the long-term stability of the debt structure is facing stricter market and policy tests.
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