Jamie Dimon Warns of U.S. Debt Crisis as Nation Adds $2.1 Trillion in Three Months America’s escalating public debt has reached $34.7 trillion, and experts like Jamie Dimon and Jerome Powell are alarmed by the rapid increase, with an additional $2.1 trillion added in just three months. The Congressional Budget Office (CBO) reports the deficit will rise from $1.5 trillion this year to $2.6 trillion by 2034, with the debt-to-GDP ratio expected to surge from 99% to 122%. The rise is fueled by recent legislation, including $95 billion in aid to Ukraine, Israel, and Indo-Pacific countries, along with ongoing funding obligations. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts What Does the Red Sea Disruption Mean for Europe's Economy? READ MORE Golden Opportunities in a Turbulent World: Precious Metals Thrive Amidst Polycrisis READ MORE Zimbabwe Eyes Gold-Backed Currency to Fortify Financial Stability READ MORE U.S. Labor Market Defies Expectations with Lower than Expected Jobless Claims READ MORE ETFs See Unprecedented July Inflows as Markets Anticipate Fed Action READ MORE Add a Comment Cancel replyYour email address will not be published.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