The Growing Concern of Federal Debt in a Shifting Economy As the new year begins, the U.S. grapples with a daunting $34 trillion federal debt, surpassing the country’s annual economic output. This situation, a result of tax cuts by Republicans and expansive climate and health initiatives by Democrats, along with pandemic relief efforts, marks a significant shift from the previous decade. Once deemed manageable due to low interest rates and inflation, this debt is now viewed with increased concern. Moody’s recent downgrade of U.S. debt outlook to “negative” and Treasury Secretary Janet Yellen’s admission of potential sustainability issues underscore this change in perspective, echoed by economist Paul Krugman’s call for serious deficit reduction. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Raw Material Stocks Climb Amid Fed Speculation READ MORE Inflation No Match for Coca-Cola's Global Demand in Q2 Earnings READ MORE UBS Sees Strong Potential in Commodities, Elevates Precious Metals Allocation READ MORE China’s Gen Z Gives Gold a Boost READ MORE Gold Rally Continues nearing $2,500 with Traders Betting on Fed Rate Reductions READ MORE Add a Comment Cancel replyYour email address will not be published.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