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Worsening US debt outlook seen more in gold and bitcoin than in bonds

The U.S. budget deficit widened to $1.7 trillion in fiscal year 2023 and is on track to reach $2.6 trillion by 2034, according to the Congressional Budget Office. U.S. government debt held by the public, meanwhile, is on pace to reach a record 106% of gross domestic product (GDP) in 2028, up from 97% in fiscal year 2023. The unchecked growth of U.S. government debt is gaining more attention as interest rate payments also take a larger bite of the government's budget - in some months excee...
United States Brad Bechtel Chizu Nomiyama George Mason Univer Karen Brettell Michael Hartnett
Source: yahoo.com

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