"America's Soaring National Debt: A Looming Crisis?"

1 min read
Source: CNBC
"America's Soaring National Debt: A Looming Crisis?"
Photo: CNBC
TL;DR Summary

The U.S. national debt has been increasing by approximately $1 trillion every 100 days, reaching nearly $34.4 trillion as of the latest data. This rapid growth has raised concerns about the country's fiscal strength, leading Moody's Investors Service to lower its ratings outlook on the U.S. government to negative. The trend has also prompted investment strategist Michael Hartnett to predict that the debt will continue to rise at this pace, with implications for asset prices such as gold and cryptocurrency.

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