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Why the US economy is ringing alarm bells

What with a 250th birthday, Taylor Swift’s wedding and the football World Cup, Americans could be forgiven for taking their eye off the ball this summer.

  • US national debt exceeds $40tn, alarming both domestically and internationally
  • Debt surge attributed to increased public spending during Trump and Biden administrations
  • Higher interest rates due to inflation concerns and scale of US borrowing strain fiscal landscape

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