stories on Nostr: US Economy Faces Crisis Point as Debt Levels Soar =============== #7b8e26cc ver:0.49 ...
US Economy Faces Crisis Point as Debt Levels Soar
===============
#7b8e26cc ver:0.49
Ken Griffin, founder of US hedge fund Citadel, warns that surging US debt and irresponsible government borrowing threaten the future prosperity of Americans. Global debt reached a record high of $313 trillion in 2023. US government debt is currently around $34.5 trillion and is forecast to rise to 102.3% of GDP by 2025 under President Biden's current budget plans . The scale of borrowing is alarming investors, with Fitch stripping the US of its triple A rating. Despite the debt gloom, Griffin is more upbeat about the prospect for bond markets due to easing inflation.
The United States and the United Kingdom are both facing significant risks to their economies due to the alarming rate at which their national debts are increasing. The US national debt has surpassed $34.4 trillion and is gro...
#newstr #UsEconomy #GovernmentDebt #MarketShock #TaxCuts #CongressionalBudgetOffice #DonaldTrump
https://here.news/story/7b8e26cc?ver=0.49
===============
#7b8e26cc ver:0.49
Ken Griffin, founder of US hedge fund Citadel, warns that surging US debt and irresponsible government borrowing threaten the future prosperity of Americans. Global debt reached a record high of $313 trillion in 2023. US government debt is currently around $34.5 trillion and is forecast to rise to 102.3% of GDP by 2025 under President Biden's current budget plans . The scale of borrowing is alarming investors, with Fitch stripping the US of its triple A rating. Despite the debt gloom, Griffin is more upbeat about the prospect for bond markets due to easing inflation.
The United States and the United Kingdom are both facing significant risks to their economies due to the alarming rate at which their national debts are increasing. The US national debt has surpassed $34.4 trillion and is gro...
#newstr #UsEconomy #GovernmentDebt #MarketShock #TaxCuts #CongressionalBudgetOffice #DonaldTrump
https://here.news/story/7b8e26cc?ver=0.49