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 WTI Nears $83 as Traders Respond to U.S. Economic Slowdown READ MORE Major Retailers Offer Discounts to Attract Price-Conscious Shoppers READ MORE Bonds Fall After ‘One-Two Punch’ of ISM READ MORE Mined Commodities May Push Higher on Structural Trends: Expert READ MORE Mortgage Demand Rises as Interest Rates Dip Below 7% READ MORE Add a Comment Cancel replyYour email address will not be published.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