Overview
- Speaking in Singapore, the Bridgewater founder said $37.5 trillion in federal debt has created a crisis risk for the United States.
- He warned that global appetite for new U.S. issuance is fading, creating a supply–demand imbalance that could push borrowing costs higher.
- Dalio said Washington cannot realistically cut spending, even as interest costs have reached about $1.13 trillion so far this fiscal year.
- Congressional Budget Office figures show roughly $7 trillion in 2025 outlays against $5 trillion in revenue, widening to $10.7 trillion versus $8.03 trillion by 2035.
- He reported greater recognition inside the Trump administration after talks with Secretary Bessent, as officials float tariffs and $5 million 'Gold Cards' as potential revenue sources.