• Finance

    US Debt crisis & its hegemony with US Economy

    What is the US debt crisis? The US debt crisis is a situation in which the US government is unable to pay its debts. This can happen when a government has borrowed too much money and can no longer afford to make its payments. The US national debt is the total amount of money that the US government owes to its creditors. It has been growing for decades, and it is now at a record high of $30 trillion. This is a significant risk to the US economy, as it could lead to a sovereign default. What are the causes of the US debt crisis? The US debt crisis has…