Powell sounds alarm over US fiscal path
US national debt reaches record high $34 trillion The first increase occurred in early January, just over three months after it surpassed $33 trillion, according to data released by the U.S. Treasury Department. Congress ignores spending deadlines 3 times Since the end of September, the government has struggled to figure out how to fund the […]
Powell: ‘The US is on an unsustainable fiscal path’
“The United States is on an unsustainable fiscal path,” Federal Reserve Chairman Jerome Powell said in a 60 Minutes interview with Scott Pelley released Sunday. “The U.S. federal government is on an unsustainable fiscal path. And that means debt is growing faster than economic growth. So it’s unsustainable. That’s the argument. I don’t think there’s […]