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So far, the U.S. national debt has exceeded $40 trillion for the first time, with it continuing to rise due to various borrowing policies, including tax cuts, economic crises, and the global pandemic. Despite this, the U.S. government remains able to pay salaries, purchase Treasury bonds, and maintain investor confidence, as foreign investors hold about 29% of the debt, including Japan and China. The danger lies in the increasing interest payments and the growing size of the debt, which heighten financial challenges in the long term—especially as the U.S. debt ceiling approaches, potentially hindering the government's ability to finance its obligations if it isn't raised.
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