A seemingly unrelenting wave of debt is piling onto America’s balance sheet.
New data from the U.S. Treasury Department show the federal debt increased by over $296.524 billion from August 8th to September 8th, reaching a total of $32.940 trillion.
The new numbers come as JPMorgan Chase CEO Jamie Dimon issues a warning on America’s fiscal trajectory.
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At a conference hosted by Barclays, Dimon told reporters that America’s rapid rate of spending is bound to have a significant impact on households.
“I just think people make a mistake to look at real-time numbers and not look at the future. And the future has quantitative tightening.
We’ve been spending money like drunken sailors around the world, this war in Ukraine is still going on. Those
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