"US National Debt Reaches Historic $34 Trillion Amid Economic Concerns and Congressional Budget Battles"
The U.S. national debt has surpassed $34 trillion for the first time, marking a historic high. This increase raises concerns about the sustainability of government spending, with projections suggesting the debt could nearly double by 2053, reaching 181% of GDP. The rise in interest rates further complicates the issue, as it increases the cost of servicing the debt, with interest payments expected to become the fastest-growing part of the federal budget, potentially tripling by 2032. Experts warn that the high level of debt poses risks to both the economy and national security.