How high can US debt go before it triggers a financial crisis?
- Written by Luke Hartigan, Lecturer in Economics, University of Sydney
rarrarorro/ShutterstockThe tax cuts bill currently being debated by the US Senate will add another US$3 trillion (A$4.6 trillion) to US debt. President Donald Trump calls it the “big, beautiful bill”; his erstwhile policy adviser Elon Musk called it a “disgusting abomination”.
Foreign investors have already been rattled by...
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