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Watchdog Sounds Alarm On US Debt's Trajectory As BlackRock's Larry Fink Warns 'The Situation is More Urgent Than I Can Ever Remember'

With the U.S. national debt approaching $35 trillion, it's not the size of the number as much as it is the pace of the increase that's of most concern to experts. Congress's independent fiscal watchdog, the Congressional Budget Office, warns the U.S. fiscal debt growth is "unprecedented," risking a possible crisis reminiscent of one impacting a U.S. ally just 18 months ago. Former United Kingdom Prime Minister Liz Truss's government issued more debt to fund tax cuts, which led to soaring borrowi ....

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