News Formal

Will the Soaring U.S. Debt Lead to Market Shock?

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Phillip Swagel, director of the Congressional Budget Office, warns that the U.S. faces a similar risk faced by the U.K. in 2022 if the government continues to ignore mounting debt concerns. According to the CBO, U.S. federal debt totaled $26.2 trillion at the end of 2023, about 97% of gross domestic product.

Phillip Swagel, director of the Congressional Budget Office, warns that the U.S. faces a similar risk faced by the U.K. in 2022 if the government continues to ignore mounting debt concerns.

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. Let's take a look at the chart of the day. Soaring us debt could mean potential for market chaos.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Soaring U.S. Debt Means Potential for Liz-Truss-Style Market Shock, CBO WarnsOmkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.
Source: CoinDesk - 🏆 291. / 63 Read more »