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Story summary
- The U.S. national debt is projected to reach $39 trillion on March 25, 2026, due to costs from the Iran war totaling $12 billion.
- The Congressional Budget Office projects a $1.9 trillion deficit for fiscal 2026, with debt at 120% of GDP by 2036.
- Analysts warn that rising debt will raise borrowing costs for Americans.
- Stablecoin issuers are becoming significant holders of U.S. Treasury bills as traditional buyers withdraw.
