US faces Liz Truss-style market shock as debt soars, warns watchdog
==========
The US is facing a market shock similar to the one experienced by Liz Truss as its debt soars, according to a watchdog. At the end of last year, the US debt pile was larger than its GDP. The projected debt-to-GDP ratio for 2029 is expected to be higher than during WWII. The US debt situation is compared to a Liz Truss market shock because of the potential impact it could have on the economy. Remedies to address the situation include reducing spending, increasing taxes, or a combination of both. The most likely remedy is unclear.
#UsDebt #MarketShock #LizTruss
https://www.ft.com/content/0e1c969f-a199-4888-a840-943b0c846c42
Financial Times /
npub1ey5…tq7p
2024-04-13 21:29:31
Author Public Key
npub1ey55s7y4px7nuw9qq987mhc2lm8qp30xvyrkgqk9p626n78zfcxqw0tq7pPublished at
2024-04-13 21:29:31Event JSON
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"content": "US faces Liz Truss-style market shock as debt soars, warns watchdog\n==========\n\nThe US is facing a market shock similar to the one experienced by Liz Truss as its debt soars, according to a watchdog. At the end of last year, the US debt pile was larger than its GDP. The projected debt-to-GDP ratio for 2029 is expected to be higher than during WWII. The US debt situation is compared to a Liz Truss market shock because of the potential impact it could have on the economy. Remedies to address the situation include reducing spending, increasing taxes, or a combination of both. The most likely remedy is unclear.\n\n#UsDebt #MarketShock #LizTruss\n\nhttps://www.ft.com/content/0e1c969f-a199-4888-a840-943b0c846c42",
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