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US Faces Economic Crisis with $38 Trillion Debt

11/14/2025

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Summary

Story summary

The U.S. national debt stands at about $38 trillion, threatening national security and economic stability, according to Richard Haass and Carolyn Kissane.
Annual deficits total about $2 trillion.
Interest payments exceed defense spending.
Past solutions are no longer viable, economists say.
Without bipartisan cooperation, the United States risks losing market confidence and facing severe economic consequences.

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Story summary

The U.S. national debt stands at about $38 trillion, threatening national security and economic stability, according to Richard Haass and Carolyn Kissane.
Annual deficits total about $2 trillion.
Interest payments exceed defense spending.
Past solutions are no longer viable, economists say.
Without bipartisan cooperation, the United States risks losing market confidence and facing severe economic consequences.