Paul Tudor Jones Sounds Alarm on U.S. Debt Crisis Billionaire investor Paul Tudor Jones has raised alarms over the burgeoning U.S. federal debt, which he refers to as a “debt bomb” that may soon reach a critical juncture. In a candid discussion with CNBC, Jones discussed the severity of the current U.S. economic situation, which is significantly buoyed by the government’s extensive borrowing and spending. This reliance on debt, according to Jones, poses a substantial threat to the nation’s financial stability. He points out that projections from the Congressional Budget Office (CBO) indicate that by 2024, the cost of servicing the U.S. debt is expected to eclipse other major expenditures, including defense and Medicare, marking a concerning milestone in the country’s fiscal trajectory. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Price Hovers at Record Peaks: Eyes Set on Fed's Powell for Rate Cut Hints READ MORE US Job Cuts Rise Sharply in January READ MORE SAXO BANK: GOLD IS READY TO RISE READ MORE Gold Set for a Great 2024, with Silver to Shine Even Brighter: UBS Insights READ MORE Gold hits fresh record as rate cut hopes build after data shows inflation ease READ MORE Add a Comment Cancel replyYour email address will not be published.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