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#DOGE# The article discusses the market pricing of the U.S. debt crisis and its impact on the economy. Despite strong macroeconomic indicators, the potential risks of the debt crisis have led to a continuous rise in medium- to long-term government bond Intrerest Rates and an expansion of the term premium, putting pressure on high-growth risk assets. Therefore, future follow of political developments and fiscal policies will have a significant impact on market trends.