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Billionaire Warns: America's Debt Hits $37 Trillion!

6/23/2025

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Summary

Story summary

Billionaire Ray Dalio sounds the alarm on America's soaring national debt, now approaching a staggering $37 trillion, with a $2 trillion deficit looming. He advocates for reducing the deficit to 3% of GDP to ease economic pressure. His warnings coincide with debates over President Trump's tax bill, which the Congressional Budget Office warns could exacerbate the deficit.

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Story summary

Billionaire Ray Dalio sounds the alarm on America's soaring national debt, now approaching a staggering $37 trillion, with a $2 trillion deficit looming. He advocates for reducing the deficit to 3% of GDP to ease economic pressure. His warnings coincide with debates over President Trump's tax bill, which the Congressional Budget Office warns could exacerbate the deficit.