U.S. National Debt Crisis Looms, Threatening Economic Stability
As interest payments soar, experts fear a repeat of the UK's financial turmoil, putting the economy at risk.
- The U.S. government's soaring national debt is raising alarms about potential market chaos and economic pain, with interest payments expected to hit $1 trillion by 2026.
- Experts warn of a possible UK-style market meltdown due to unchecked government spending and rising interest rates.
- Investors have so far remained optimistic, pushing assets like stocks, gold, and bitcoin to record highs despite the looming debt crisis.
- The Congressional Budget Office (CBO) predicts the debt-to-GDP ratio will rise significantly, reaching 166% by 2054, exacerbating economic and fiscal risks.
- Concerns over the national debt have fueled interest in alternative assets like bitcoin and gold, which have rallied to new record highs amid global uncertainty.