The U.S. debt problem is piling up ...Middle East

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The U.S. debt problem is piling up
JPMorgan has warned that the growing US public debt, which shows no signs of slowing, could pose a real problem for the US economy.Every year, the US government increases its indebtedness, and analysts are quick to point out that the bill will eventually come due. How different is it this time?It is not just that bonds have surpassed a record $34 trillion, but also high-interest rates, which are driving up debt servicing costs.According to a recent study, annualized gross interest payments on US debt reached $1 trillion at the end of October, doubling from 19 months earlier.But worse, if no action is taken, net interest costs could rise from 2.4% of GDP in 2023 to 3.7% and 6.7% in 2033 and 2

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