12 February 2024
Jamie Dimon and other financial leaders warn that the U.S. debt, exceeding $34 trillion with a debt-to-GDP ratio of around 120%, is leading to a crisis deemed the “most predictable” in history. Despite the bipartisan nature of this issue, political action remains insufficient. This situation calls for urgent dialogue on fiscal responsibility to avoid the forecasted economic “death spiral” and global market backlash.