U.S. Debt Growth and Global Tensions Raise Concerns Over Future Financial Crisis Response

The U.S. federal debt is projected to exceed $56 trillion by 2036, reaching 120% of GDP, with little bipartisan effort to reduce it, according to the Congressional Budget Office. Despite Federal Reserve rate cuts, 10-year Treasury yields have risen amid market concerns. Concurrently, global political tensions involving the U.S., Iran, NATO allies, China, and Russia may hinder international cooperation needed to address potential future financial crises.