CNBC Special Report: America's Deficit Reckoning 7/7/25
CNBC's "Fast Money"
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The Burden of National Debt
This chapter examines the escalating costs of servicing U.S. government debt and the pressure it places on the federal budget, particularly affecting vital services like social programs and defense. It discusses the risks posed to future generations by ballooning deficits and the implications of foreign holdings, particularly by China, on national security. Additionally, the chapter explores potential solutions to the budget crisis, including tariffs and the political challenges that surround effective fiscal reform.
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