US Debt Crisis

For years, warnings about government deficits and borrowing sounded abstract. It was an afterthought – something for TV pundits and bond traders. Now the numbers are big enough, and the interest bills high enough, that the issue is starting to look like a core economic story. Larger Than Medicare...

Bill Gross, co-founder of PIMCO, also known as “Bond King” anticipated a significant escalation in the U.S. debt crisis. He compared the future implications of the nation’s $34 trillion debt to the slow yet destructive effects of climate change, predicting a potential spike in...