US National Debt Exceeds $33 Trillion Amid Economic Uncertainty

America's gross national debt has surpassed $33 trillion for the first time, highlighting concerns over the nation's fiscal trajectory.
With debt payments rising, there are worries deficit reduction efforts may be insufficient to stabilize long-term economic growth.
Disagreements in Congress over federal spending have raised the possibility of a government shutdown by September 30.
Higher interest rates have made financing the debt more expensive, with projections of ballooning interest costs in the coming decades.
Credit agencies have warned of potential downgrades to the US credit rating due to the mounting national debt and political conflicts over addressing it.