Vantage Why US’ $34 trillion debt can become world’s problem

News Snapshot:

The wars in Ukraine and West Asia are causing instability. But apart from these conflict zones, there is a new crisis emerging—a 34 trillion-dollar debt bomb—growing bigger by the day. This is a cause of global anxiety. This debt bomb belongs to the United States of America—the richest country—and also the biggest debt-holder in the world. When it explodes, this bomb will cause global devastation. This warning comes from Jamie Dimon, the boss of America’s biggest bank and CEO of JPMorgan Chase. Dimon says US debt endangers global security. As of today, the US’ borrowing stands at 120 percent of...