Recent forecasts from the International Monetary Fund (IMF) indicate that the United States is on track to surpass Italy and Greece in terms of government debt for the first time in a century. This rise in debt, attributed in part to significant fiscal measures such as Trump’s ‘big, beautiful bill’, positions the US to rival some of Europe’s most indebted states. The IMF has warned that the increasing global public debt, with the US leading this rise, poses systemic risks to the economy.