The national debt surpassed a record $39 trillion on Wednesday, a milestone that comes just weeks into the U.S.-Israeli war in Iran.
The unprecedented figure highlights competing administration priorities, from passing a massive tax law and boosting defense spending and immigration enforcement to chipping away at the debt itself — the latter of which Donald Trump promised to do as both a candidate and as president.
Because the US is still the most trustworthy of the main currencies, like the Dutch we’ve never missed a payment. All other currencies are kind of tethered to the dollar in some ways.