<div id="readability-page-1">Debt at record high: Gross national debt has climbed to $39 trillion, with interest payments exceeding $3 billion a day and consuming over one-fifth of tax revenues. Deficit pace accelerates: The federal deficit reached $955 billion in seven months, projected to exceed $1.9 trillion in fiscal 2026, raising long-term fiscal sustainability concerns. Stimulus tools constrained: Sticky inflation and heavy borrowing needs may restrict the Fed’s rate-cutting power and limit Washington’s ability to boost spending in a recession.</div>

<p>阿波罗经济学家警告称，由于创纪录的高债务，美国面临重大衰退风险，债务已达到 39 万亿美元。每日利息支付超过 30 亿美元，消耗了超过 20% 的税收收入。联邦赤字在短短七个月内加速至 9550 亿美元，预计到 2026 财年将超过 1.9 万亿美元，这引发了对长期财政可持续性的担忧。此外，持续的通货膨胀和高额借款需求可能限制联邦储备委员会在衰退期间降息和限制政府支出的能力</p>

Apollo Global 的经济学家警告称，美国的债务限制削弱了应对经济衰退的防御能力