The size of U.S. national debt has risen to about $39 trillion, approaching the entire annual U.S. GDP, with annual interest payments of about $1 trillion, already exceeding the defense budget.


U.S. Treasuries have long been a core asset of the global financial system, but as debt continues to climb, market concerns about their long-term sustainability are also heating up.
By 2056, the U.S. debt-to-GDP ratio could rise to 175%, further increasing fiscal pressure, and the credit system of U.S. Treasuries and the U.S. dollar is facing a long-term test.
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