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Us Debt

All articles tagged with #us debt

Musk warns U.S. could go bankrupt without AI and robotics as debt burden swells
business19 days ago

Musk warns U.S. could go bankrupt without AI and robotics as debt burden swells

Tesla CEO Elon Musk warned on a podcast that the United States is at risk of going bankrupt due to mounting national debt, arguing that breakthroughs in AI and robotics are essential to avert the crisis. He highlighted a roughly $38.56 trillion debt, a 2026 deficit about $602 billion higher than revenue, and projections that interest payments could exceed $1.5 trillion by 2032 and rise to $1.8 trillion by 2035, potentially surpassing the military budget and affecting the dollar’s value while urging innovation to boost productivity.

Musk: U.S. debt could bankrupt the country without AI and robotics
economy20 days ago

Musk: U.S. debt could bankrupt the country without AI and robotics

Elon Musk warned on the Dwarkesh Podcast that the U.S. could go bankrupt without productivity gains from AI and robotics, citing about $38.6 trillion in debt and rising deficits, with interest payments projected to exceed $1 trillion in coming years; while Ray Dalio warns of a debt death spiral, the piece also discusses hedges like gold and real estate as diversification tools to shield wealth during inflation and fiscal stress.

U.S. Debt Surpasses $38 Trillion, Raising Economic Concerns
economy1 month ago

U.S. Debt Surpasses $38 Trillion, Raising Economic Concerns

The US national debt has surpassed $38 trillion, with a significant increase in corporate bond issuance, especially from tech hyperscalers, raising concerns about upward pressure on interest rates and potential market fragility. The growing competition for bond investors and shifting investor composition, from foreign governments to profit-driven entities, could threaten the stability of US financing and increase borrowing costs amid rising deficits and political debates over spending and tariffs.

Johnson Shuts Down House to Pressure Schumer Amid Ongoing Government Shutdown
politics4 months ago

Johnson Shuts Down House to Pressure Schumer Amid Ongoing Government Shutdown

The U.S. House of Representatives has been largely inactive due to political disagreements, leading to a government shutdown that threatens SNAP benefits for over 42 million Americans. Meanwhile, President Trump is pushing a pro-tariff agenda, claiming they strengthen the economy despite economic indicators and expert opinions suggesting otherwise. The political conflict extends to foreign policy, with military actions in South America and sanctions against Venezuelan and Colombian leaders, reflecting Trump's aggressive stance on international issues. The ongoing disputes highlight a broader effort by Republicans to dismantle parts of the modern American government established since the 1930s.