The U.S. Is Going to Have a Debt Crisis: Ray Dalio

Ray Dalio, founder of Bridgewater Associates, warns of a potential U.S. debt crisis, especially as U.S. debt surpassed $33 trillion. The rise in debt, accelerated by a 50% increase in federal spending from 2019-2021, has heightened concerns of a slowing economy and rising interest rates. Dalio predicts economic growth could plummet to near zero. This comes amidst fears of a government shutdown if a spending bill isn’t finalized by October 1.