2 min
UBS On-Air: Paul Donovan Daily Audio 'Invoking debt debacles' UBS On-Air: Market Moves
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- Business
The head of the US Congressional Budget Office issued a warning about US debt sustainability, suggesting an extreme parallel with the debt debacle presided over by former UK Prime Minister Truss. US debt levels are not necessarily a concern (the US could sustain a 150% or even 200% debt-to-GDP ratio if it chose). The problem is the rapid growth in debt—which raises questions about the long-term ability of the US government to service its debt.
The head of the US Congressional Budget Office issued a warning about US debt sustainability, suggesting an extreme parallel with the debt debacle presided over by former UK Prime Minister Truss. US debt levels are not necessarily a concern (the US could sustain a 150% or even 200% debt-to-GDP ratio if it chose). The problem is the rapid growth in debt—which raises questions about the long-term ability of the US government to service its debt.
2 min