21 September 2023
The U.S. Senate’s last-minute move to raise the debt ceiling only delays the looming crisis as the national debt soars past $33 trillion. Treasury Secretary Yellen’s attempts to downplay concerns ring hollow, especially as the deficit balloons by a staggering 61% from last year, pushing inflation. This reckless financial path risks our global position, diminishes our economic agility, and threatens to saddle future generations with insurmountable financial burdens.