According to reports, the US national debt has surged to an unprecedented $37 trillion, sparking worries about its sustainability and impact on global markets.
Key highlights:
• Trump’s tax-cutting budget bill set to add $3 trillion to the existing debt.
• Weakening dollar and higher interest rates reflect growing doubts.
• Hedge fund founder Ray Dalio warns of potential financial crisis.
• US borrowing costs steady, but yield curve steepens, signaling concerns.
The escalating US debt crisis may have significant implications for international relations and global economic stability, including potential effects on India’s foreign policy and economic interests.
Source: BBC News