
US Faces Looming Fiscal Crisis: Trump's Policies Add Trillions to National Debt
The United States faces a potential fiscal crisis, according to a recent CNN report. President Trump's economic agenda is expected to add nearly $4 trillion to the national debt over 10 years, raising concerns among economists. Phil Mattingly, CNN Chief Domestic Correspondent, highlights the risk of a credit crisis that could dwarf the 2008 financial crisis. "Every mainstream economist, regardless of party, acknowledges this is a looming crisis," Mattingly states. Treasury Secretary Scott Bessent warned of the potential for markets to lose confidence and credit to dry up. Mattingly concludes that while credit remains available for now, the situation warrants serious attention. The video underscores the importance of responsible fiscal policy and the need for proactive measures to mitigate potential economic risks.