CNBC Special Report: America's Deficit Reckoning 7/7/25
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The Urgency of America's Debt Crisis
This chapter explores the alarming state of the U.S. national debt and its implications on the economy, markets, and international relations. It reflects on the historical context of deficit reduction, particularly during the Clinton administration, and highlights the urgent need for Congress to take meaningful action. The discussion underscores the potential risks of continued mismanagement, including debt defaults and inflation, while calling for bipartisan cooperation to address the fiscal challenges ahead.
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