The $34 trillion mountain of national debt is a 'boiling frog' situation for the US economy, JPMorgan warns
The US government's bills will exceed its revenue by the early 2030s, according to a Congressional Budget Office estimate.
Source: aol.com
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America's biggest threat is debt
Currently, the US spends $1.8 billion a day on repaying its debt
Source: theweek.in
Bonds Go Bonkers: US Debt Costs Now Exceed Junk-Rated Vietnam, Morocco
Despite its AA+ credit rating, the US government now pays more to borrow than junk-rated nations after the Fed's multiple interest rate rises.
Source: businessinsider.com
Bond-Market Crash: 4 Charts Showing Why the US's Debt Mountain Is a Factor
Concerns about the deficit have fueled the Treasury-bond market meltdown of the past few weeks. These charts show why Wall Street is worried.
Source: businessinsider.com
US losing Fitch's top AAA credit rating may portend future economic weakness
The rating agency demoted the US government’s creditworthiness to AA+, its second-highest ranking, on Aug. 1, 2023.
Source: theconversation.com