The United States has temporarily found a solution to the debt problem.
According to a report by Russia's Sputnik News on April 11, U.S. Treasury Secretary Bessent stated that the United States will raise the national debt ceiling and address the need to further raise the debt ceiling for the next two years in one go.
The U.S. national debt has exceeded 36 trillion dollars, with several trillion dollars in interest payments required each year. In recent years, in order to avoid default, the United States has had to raise the national debt ceiling annually. This time, the United States has learned its lesson and is directly raising the national debt ceiling for two years. However, this approach is clearly self-deception. The current U.S. technology bubble is severe, manufacturing growth is sluggish, and it is only being sustained by financial capital. National debt default is inevitable. Therefore, it has become urgent to sell U.S. bonds early. The United States may not repay its debts at any time. After the tariff war, the United States has already started to lack credibility.
Original article: https://www.toutiao.com/article/1829056860874762/
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