The U.S. government's debt has reached a record $33 trillion, with tax cuts from the Bush and Trump administrations costing an additional $10 trillion in revenue by the end of this year, according to the Center for American Progress. The current debt crisis could potentially affect the stock market and several industries. The government's debt is now over 12 times the market cap of Apple, the world's most valuable public company. If borrowing continues at the same pace, the debt could reach $50 trillion by the end of the decade.