"Building skyscrapers on quicksand" - Why the U.S. debt dilemma is getting deeper and deeper.

Currently, the U.S. federal government debt is approaching a record-breaking $40 trillion, just a step away from the debt ceiling of approximately $41.1 trillion set by the "big and beautiful" tax and spending bill. This "dangerous game," involving the U.S. Treasury, the Federal Reserve, and the bond market, will face a new round of political wrangling, risk accumulation, and interests distribution.