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Phillip swagel
Video
Will the Soaring U.S. Debt Lead to Market Shock?
Phillip Swagel, director of the Congressional Budget Office, warns that the U.S. faces a similar risk faced by the U.K. in 2022 if the government continues to ignore mounting debt concerns. According to the CBO, U.S. federal debt totaled $26.2 trillion at the end of 2023, about 97% of gross domestic product. CoinDesk's Jennifer Sanasie presents the "The Chart of the Day."
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