America's national debt projected to reach $141tn by 2054, posing severe economic risks.

A recent report warns that America's national debt could reach $141tn by 2054, causing severe, irreversible economic scars if left unchecked. Experts including Fed Chairman Jerome Powell and JPMorgan Chase CEO Jamie Dimon are raising concerns over the rapid accumulation of debt, which could hinder necessary borrowing and servicing of existing debt. A March report from the Congressional Budget Office corroborates these fears.

April 01, 2024
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