The United States has reached a significant fiscal milestone, with its national debt surpassing $39 trillion, exceeding the country's annual economic output. As of the latest data, federal debt held by the public stands at approximately $31.27 trillion, while the nominal GDP for the year ending March 31 was estimated at $31.22 trillion, resulting in a debt-to-GDP ratio of 100.2%. This marks the first time since post-World War II that the debt has exceeded GDP, highlighting the government's heavy borrowing. Interest payments on the debt now account for about 14% of federal spending, surpassing defense expenditures. In the first half of fiscal 2026, interest payments totaled $529 billion, compared to $461 billion for defense. The Congressional Budget Office projects that without changes to spending or revenue, the debt could rise to 120% of GDP by 2036. The rapid increase in debt, which has grown by 164% since 2011, has prompted calls for budgetary reforms, including a constitutional debt brake. Globally, the U.S. debt remains significantly higher than other major economies, with Japan's debt at $8.6 trillion and China's at $14 trillion. The U.S. government's financial statement for fiscal 2025 showed a negative net position of $41.72 trillion, with $6.06 trillion in assets against $47.78 trillion in liabilities. Economic growth, interest rates, and fiscal policies will be crucial in shaping the future debt trajectory.