The scale of U.S. national debt has risen to 39 trillion dollars, with annual interest payments of about 1 trillion dollars.

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ME News reported on July 5 (UTC+8) that the size of U.S. national debt has risen to approximately $39 trillion, with public debt equivalent to the entire U.S. GDP. Annual interest payments have reached about $1 trillion, surpassing 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 assumed the wartime debts of the states and committed to full repayment, thereby establishing the U.S. credit system and laying the foundation for 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 reserve currency status of the dollar and widely held by central banks and financial institutions around the world. As the debt scale continues to expand, market concerns over long-term sustainability are intensifying. According to calculations by the Penn Wharton Budget Model, when the debt-to-GDP ratio exceeds approximately 210%, the fiscal system may face unsustainable risks. Currently, the ratio is about 100% in the U.S., and the Congressional Budget Office projects it could rise to 175% by 2056. Analysts believe that under scenarios of rising healthcare spending and persistently widening fiscal deficits, this risk threshold could arrive earlier, and the long-term stability of the debt structure is facing stricter scrutiny from markets and policymakers. (Source: ODAILY)
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