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 Optimistic Shift in U.S. Economic Outlook Despite Ongoing Challenges READ MORE Are Gold ETFs Backed By Physical Gold? READ MORE Gold Rush 2.0: Australian Miners Poised for M&A Spike Amid Soaring Prices READ MORE Fed's Inflation Target Faces Heat from Liberals Seeking Economic Reform READ MORE Fed's Inflation Blunder Sets Stage for Looming US Recession, Says Top Economist READ MORE Add a Comment Cancel replyYour email address will not be published.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