DID Press: New data show the US government has borrowed an average of $43.5 billion per week during the first four months of the current fiscal year, intensifying concerns about the country’s long-term fiscal stability and potential spillover effects on global markets.
Economists warn that sustaining borrowing at this pace could push national debt to new historic highs and increase pressure on policymakers in the US Congress to pursue structural budget reforms.
Rapid debt accumulation is also expected to raise interest servicing costs, complicate monetary policy decisions at the Federal Reserve, and weigh on the international standing of the US dollar in global markets.
Analysts say a combination of spending restraint, tax policy adjustments, and medium-term fiscal consolidation will be required to prevent a deepening debt trajectory in the coming years.