Wealthy business magnate Elon Musk is sounding the alarm about America's massive national debt, warning that unless action is taken to tackle the problem, the U.S. dollar will become worthless.
The US currency, however, cut its losses after data showed that business activity in the world s largest economy picked up in January and a measure of inflation eased. A gauge of prices charged by companies for their products fell to the lowest level in more than 3-1/2 years, data showed.