us debt

Billionaire investor Ray Dalio has voiced his apprehension regarding the mounting U.S. debt, comparing it to an imminent “financial heart attack.” What Happened: Dalio, the founder of Bridgewater Associates, cautioned about the unmanageable deficits at a recent New York event. He...

In his upcoming book, billionaire investor Ray Dalio has compared President Donald Trump‘s policies to those of far-right regimes in the 1930s. What Happened: Dalio, the founder of investment firm Bridgewater Associates, has authored a new book titled “How Countries...

The U.S. economy is facing a potential crisis as the national debt continues to rise, sparking concerns among economists and analysts. What Happened: Deutsche Bank’s Jim Reid expressed his concerns about the U.S. fiscal situation. He described it as experiencing a “death by a thousand...

Billionaire and NBA team owner Mark Cuban has a mixed history with meme coins. He’s been a supporter of Dogecoin (CRYPTO: DOGE) over the years but also called meme coins a "hustle" in a recent interview. The entrepreneur recently shared an interesting proposal to launch a meme coin to help...

Editor’s note: This story has been updated to remove draft notes that were erroneously included. The International Monetary Fund (IMF) delivered a mixed message on the U.S. economy in its latest World Economic Outlook report. While the Washington-based institution raised its forecast for U.S...

The U.S. Treasury Department has revised its marketable borrowing expectations upward for the April-June quarter of 2023, increasing the figure to $243 billion from an earlier estimate of $202 billion. This adjustment, driven by lower-than-predicted cash receipts, had sparked some market reactions...

Former Dallas Fed President Robert Kaplan offered a stern critique of current U.S. fiscal policies, suggesting that they are hampering the Federal Reserve’s ability to lower interest rates amidst ongoing economic pressures. In exclusive interview with Market News (MNI), Kaplan highlighted...

The Nasdaq 100’s technology stocks wrapped up their fourth consecutive week in the red, marking their most dismal stretch and sharpest declines since late 2022, as investors opted to pocket profits against a backdrop of mounting concerns over inflation and geopolitical tensions. On Friday,...

International Monetary Fund (IMF) deputy chief Gita Gopinath raised concerns about the United States’ burgeoning public debt, emphasizing the urgency of reducing the federal deficit from its current 7% of GDP. “The U.S. is running [a] very large deficit for a country with a strong...

A leading Wall Street investment strategist highlighted the exponential increase in the U.S. government debt as the primary cause for the continued rise of assets with finite supplies, such as gold and Bitcoin (CRYPTO: BTC), which appear to be on track to reach their all-time highs. This insight...

Billionaire investor and former hedge fund manager Ray Dalio expressed significant enthusiasm about the potential of artificial intelligence Friday while also cautioning about its broader socioeconomic implications. In an interview on CNBC’s “Squawk On The Street,” Dalio...

Billionaire investor Ron Baron recently disclosed in an interview that he has never owned bonds and instead focuses his investments on assets despite the rising U.S. inflation and burgeoning national debt. What Happened: Baron, the chairman of Baron Capital, made this disclosure in a CNBC...

The United States is on a fiscal trajectory that could see its government debt exceed $50 trillion within the next decade, according to a recent analysis. As per a Business Insider report, Bank of America released a note on Tuesday revealing daunting projections for the U.S. debt...

Renowned investor Stanley Druckenmiller has strongly criticized Treasury Secretary Janet Yellen for what he calls the “worst mistake in the history of the Treasury,” leading the U.S. towards a potential debt crisis. Druckenmiller, a billionaire investor and head of the...

The U.S. Treasury revealed on Monday its plan to borrow $1.592 trillion from the private debt market through the end of the March quarter, following a $1.01 trillion borrowing in the September quarter. On Tuesday, prominent “SPAC king” Chamath Palihapitiya criticized...