The Economic Times

America's $1 trillion annual interest bill is growing as national debt surges, so why isn't the US facing a debt crisis like France?

The United States continues to finance its national debt more effectively compared to France. While both countries face rising borrowing costs, the US dollar's global status provides crucial advantages. Increased federal interest costs are currently impacting public funding for services in America. France's debt challenges are worsened by political divisions and economic stagnation, which restrict fiscal reforms.