US National Debt Surpasses GDP for First Time Since 1945 (fortune.com)

• Debt-to-GDP ratio exceeds the 100% threshold.
• Structural deficit expansion driven by long-term spending.
• Implications for global reserve currency status and market risk.

"The United States has reached a critical fiscal milestone, with national debt exceeding its total annual economic output for the first time since the end of World War II. This shift highlights long-term structural deficits and limits future policy flexibility. As the US dollar remains the primary global reserve currency, this debt trajectory introduces significant volatility to international capital markets and requires Europe to reassess its reliance on US financial rails and monetary stability."