US debt crosses $39 trillion, Fed chair says 'It won't end well'

The US debt crossed $39 trillion, with interest payments projected to exceed $1 trillion by 2026. Federal Reserve Chair Jerome Powell said, "The debt isn't unsustainable, but the path isn't sustainable. It won't end well if we don't do something soon." He explained that US doesn't need to pay the debt, but needs primary balance, where revenues cover non-interest spending.