debt crisis

Ray Dalio, the billionaire investor, has raised concerns about the mounting U.S. debt crisis, which he estimates to be a staggering $37 trillion. He has also proposed a potential solution to mitigate the impending financial turmoil. What Happened: In an interview with Fortune, Dalio emphasized that...

With the national debt surging past $36.2 trillion in early June and long-term yields climbing, the U.S. bond market is entering dangerous territory. Leading financial voices are now raising alarms over unsustainable federal deficits, rising interest costs and declining confidence in the national...

Scott Bessent, the U.S. Treasury Secretary, assured that the country will not default on its debt, even as the deadline for raising the federal debt ceiling approaches. What Happened: Bessent, in an interview with CBS’s Face the Nation on Sunday, dismissed the possibility of a default....

Billionaire hedge fund manager Ray Dalio is sounding the alarm about a looming debt crisis, the changing global political order, and the implications of U.S. President Donald Trump's increasingly hostile approach to international trade and diplomacy. What Happened: On Wednesday, Dalio, the founder...

Robert F. Kennedy Jr., President Donald Trump’s Health and Human Services Secretary-designate, has revealed in financial disclosures that he carries up to $1.2 million in credit card debt. His balances, ranging between $610,000 and $1.2 million, are charged at high interest rates of 23.24% to...

The United States government is currently paying an unprecedented $2 million per minute in interest on its national debt, a figure that is expected to continue rising. This development has sparked a debate on Wall Street about the impact of higher interest rates on the economy. What Happened: The U...

Wharton professor Joao Gomes has expressed concern over the rapid growth of U.S. debt. He predicts that if Congress does not take immediate action, the U.S. could face a debt crisis by 2025. What Happened: Gomes compared the situation with the UK’s 2022 financial crisis. He suggested the U.S...

The week was peppered with crucial financial updates and forecasts. Of particular note were the U.S. Federal Reserve’s preferred inflation gauge meeting expectations and the escalating fears of Americans regarding the national debt crisis. Additionally, the market was rife with speculation...

Gold bull and economist Peter Schiff criticized Federal Reserve Chair Jerome Powell on Sunday for his remarks on the U.S. debt during Powell’s appearance on CBS News’ “90 Minutes.” What Happened: In a post on X, Schiff argued that Powell...

The U.S. Federal Reserve’s impact on the country’s monetary policy over the past hundred years has been significant, evolving since its inception in 1913 through various economic turns, including the Great Depression, post-World War II transformations, and 21st-century financial crises...

Japan’s massive national debt and increasing interest rates are causing serious economic distress, a situation Peter Schiff refers to as a “slow-motion train wreck.” What Happened: Schiff expressed his opinions during his podcast “The Peter Schiff Show” where...

Leading experts in the digital asset industry have voiced concerns over the trajectory of Bitcoin (CRYPTO: BTC) amidst global economic and geopolitical challenges. These market experts suggest that while Bitcoin has shown resilience in past crises, the current economic climate combined with global...

The U.S is advancing towards a significant debt crisis due to a fiscal deficit at “worst structural point since World War II," warns investor Matthew McLennan. McLennan, co-head of First Eagle's Global Value team, expresses concern over the equity and bond market’s relative...

"Rich Dad, Poor Dad" author Robert Kiyosaki has once again reiterated his bullish take on assets like gold, silver and Bitcoin (CRYPTO: BTC), saying they are the best hedge against corruption and incompetence. "SOFT LANDiNG? HARD LANDING? Or CRASH LANDING? I say crash landing. I hope I am wrong yet...

The U.S. stock market got off to a shaky start in May. The S&P 500 index, closely tracked by the SPDR S&P 500 Trust ETF (ARCA: SPY), is poised to end its second consecutive week of losses for the first time since mid-February as the debt-limit stalemate weighed on sentiment. As of...