Soaring U.S. Debt Has Potential to Replay U.K.’s 2022 Market Shock, CBO...

Soaring U.S. Debt Has Potential to Replay U.K.’s 2022 Market Shock, CBO Warns

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Source: Coindesk.com

Unattended mounting U.S. debt concerns means potential for a Liz-Truss style market chaos, Phillip Swagel, director of the Congressional Budget Office told Financial Times. Debt concerns may have helped bitcoin and gold rally to record highs amid elevated interest rates worldwide, analysts said.

In 2022, former U.K. Prime Minister Liz Truss

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The post "Soaring U.S. Debt Has Potential to Replay U.K.'s 2022 Market Shock, CBO Warns" appeared first here Coindesk.com.

Source: Coindesk.com

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