Watchdog Sounds Alarm On US Debt's Trajectory As BlackRock's Larry Fink Warns 'The Situation is More Urgent Than I Can Ever Remember'

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The U.S. national debt is approaching $35 trillion, with the pace of increase causing concern. The Congressional Budget Office warns that the U.S. fiscal debt growth is 'unprecedented' and could lead to a crisis similar to the one experienced by the U.K. 18 months ago. BlackRock Inc. CEO Larry Fink expresses dismay at the rising U.S. government debt, comparing it to Japan's debt crisis in the late 1990s and early 2000s. The U.S. debt is increasing by $1 trillion every 100 days, and neither leading presidential candidate is focused on addressing the issue. Rating agencies have downgraded the U.S. government's debt rating, and Moody's has shifted its rating outlook to negative. Concerned investors may consider investing in hard assets such as gold. The SPDR Gold Trust ETF has already seen a 7% increase in value this year.

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https://finance.yahoo.com/news/watchdog-sounds-alarm-us-debts-173107823.html