Powell Warns ‘The US Is on an Unsustainable Fiscal Path’ In a revealing “60 Minutes” interview, Federal Reserve Chair Jerome Powell highlighted the precarious fiscal trajectory of the United States, stating that the nation’s debt is expanding at a rate outpacing its economy, and it is unsustainable. The U.S. national debt reached a historic high of over $34 trillion in early January, escalating rapidly from the $33 trillion mark hit just three months prior. Amidst ongoing congressional delays in addressing spending deadlines due to disputes over government funding and the soaring national debt, temporary funding measures are in place until early March for various federal agencies, with broader government funding expiring shortly thereafter. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts BRICS: Scotiabank Says US Dollar To Fall in 2024 READ MORE HSBC Breaks New Ground with Tokenized Gold Offering READ MORE The Road to $3,000 Gold READ MORE China Dumps Record Amount of US Debt Amid Strategic Diversification READ MORE Massive Student Debt Strike Amid Loan Repayment Challenges READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment