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

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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.

 

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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.
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