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Ray Dalio Warns: US Debt Crisis Looms Without Action

3/27/2025

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Summary

Story summary

Ray Dalio urged reducing the US budget deficit to 3% of GDP to prevent high debt servicing costs.
He addressed national debt issues with House Budget Chair Jodey Arrington and Republican leaders.
Dalio cautioned that a debt crisis could emerge within three years without intervention.
The federal deficit for the 2024 fiscal year hit $1.83 trillion, an increase of $138 billion from last year.

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Story summary

Ray Dalio urged reducing the US budget deficit to 3% of GDP to prevent high debt servicing costs.
He addressed national debt issues with House Budget Chair Jodey Arrington and Republican leaders.
Dalio cautioned that a debt crisis could emerge within three years without intervention.
The federal deficit for the 2024 fiscal year hit $1.83 trillion, an increase of $138 billion from last year.