US Debt Tops $40 Trillion as Widening Deficit Rattles Global Markets
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·1 viewsUS public debt has exceeded $40 trillion, with the fiscal deficit continuing to grow amid higher government spending and falling tax receipts. Rising Treasury yields are being flagged as a significant risk that could weigh on equity markets worldwide. Interest payments on federal debt have grown so large that they now exceed what the government spends on Medicare. Analysts warn that this deteriorating fiscal outlook poses broader financial stability concerns. The uncertain environment is seen as a tailwind for gold, which tends to attract investors during periods of fiscal stress.
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