Published Aug 22, 2026, 11:00 AM ET · Updated 3 months ago · 1 source
Unsustainable US national debt trajectory risks monetary crisis
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Original Report
The US national debt nearing $40 trillion, with $7 trillion in annual refinancing needs and interest payments exceeding defense spending, is an unsustainable trajectory that could trigger a monetary crisis if investors lose confidence in Treasuries, forcing rates to skyrocket, similar to Sweden's 1992 crisis.