Story perspectives
US Faces Fiscal Crisis: Liabilities Surpass $47 Trillion
3/27/2026
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Story summary
- Economists Steve Hanke and former Comptroller David Walker, writing in Fortune, describe a fiscal crisis based on Treasury 2025 data showing assets of $6.06 trillion and liabilities of $47.78 trillion.
- Treasury Secretary Scott Bessent characterized the trajectory as 'an unsustainable fiscal trajectory' and said addressing it will test the nation's character.
- The release of these alarming figures received minimal media attention.
