The chairman and CEO of the US bank, JPMorgan Chase, Jamie Dimon said that the US economy is heading towards a "cliff" due to the record growth of the national debt, which currently stands at over $34 trillion.
The US federal government's debt stood at just over $30 trillion at the end of January 2022, and reached a new record of $33 trillion by September 15. Debt servicing could cost the United States almost a third of budget revenues,
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