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Home Depot Co-Founder Warns of $36 Trillion Debt Crisis

6/20/2025

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Summary

Story summary

Ken Langone, co-founder of Home Depot, sounded the alarm on the U.S. economy, highlighting a staggering $36 trillion national debt and soaring interest costs. He urged caution against further interest rate cuts, especially with global tensions and economic slowdowns looming. Meanwhile, stocks edged up as investors held their breath for the Federal Reserve's anticipated decision to keep rates steady.

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Story summary

Ken Langone, co-founder of Home Depot, sounded the alarm on the U.S. economy, highlighting a staggering $36 trillion national debt and soaring interest costs. He urged caution against further interest rate cuts, especially with global tensions and economic slowdowns looming. Meanwhile, stocks edged up as investors held their breath for the Federal Reserve's anticipated decision to keep rates steady.