According to a report from Fox Business. A great Bill Law (OBBBA), signed by President Donald Trump on July 4, increased the debt limit by $ 5 trillion and put it above $ 41 trillion and prevented a potential default crisis.
Shai Akabas of the Policy Center of the two parties pointed out that the inclusion of debt increase in OBBBA is the first time it has been raised through budget reconciliation and indicates a change in how the lawmakers are approaching financial constraints. Maya McGinias, chairman of the federal budget committee, warned that the move reflects a wider non -commitment to address the country’s unstable financial path.
Meanwhile, data on the Indexbox platform shows that the US budget deficit has increased by $ 109 billion compared to the previous year. Ray Dalio has also warned that without survey costs can lead to a severe financial crisis.
Source: Indexbox market information platform
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