Debt Crisis: US Deficit Soars, Markets React

US Government spending is almost double its income, creating a $345 billion deficit in August, with interest payments on debt becoming the third largest expense. The Federal Reserve considers a rate cut amid rising inflation, a move that could worsen the deficit. Gold and Bitcoin are surging as investors seek safe havens amidst growing debt concerns. Hosted on Acast. See acast.com/privacy for more information.