Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13285
Markets: 101961
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13285
Cryptocurrencies
62.63%
Bitcoin Share
The Daily Hodl 2025-05-28 09:15:59

$345,000,000,000 Asset Manager Urges US To Get House in Order, Warns Debt Now Increasing Faster Than Economic Growth

$345,000,000,000 Asset Manager Urges US To Get House in Order, Warns Debt Now Increasing Faster Than Economic Growth

Jim Millstein, the Guggenheim Securities co-chair, is calling on the United States government to get its financial house in order, warning of a “fiscal disaster.” In a new interview with Bloomberg, Millstein says that government spending is by far outpacing revenues, creating an unsustainable financial situation. “We’re running a 7% of GDP deficit this year, which means that debt is increasing by 7% a year, whereas the economy has only been growing at 2% to 3% a year. So we are basically becoming more indebted over time, because the growth of the economy is not outpacing the growth of the debt. So there’s a massive need for what we call in the trade fiscal consolidation. We need to get our house in order and create revenues closer to spending.” In a separate Bloomberg interview, Millstein says that the US’s fiscal situation is concerning investors, which is why long-term Treasury yields have been rising lately. Millstein says the ten-year Treasury yields are increasing “because of the imbalance in the federal government’s finances and the huge amount of deficits they have to finance.” He also says there’s going to be “a huge supply of Treasuries coming to the market.” According to Millstein, the rising ten-year yields are the US’s largest financial challenge at the moment, as they increase the interest costs of existing and future debt. Millstein says the US may be facing a similar situation that occurred in the 1990s when bond yields rose enough to convince politicians to take action to lower the deficit. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post $345,000,000,000 Asset Manager Urges US To Get House in Order, Warns Debt Now Increasing Faster Than Economic Growth appeared first on The Daily Hodl .

Most Read News

Moralis Money
Market Cap
24h Vol
62.63%
Bitcoin Share
0
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.