'America would be toast': Elon Musk warns of bankruptcy and rising interest rates due to $36 trillion debt

Elon Musk warns that the US is on the brink of financial collapse due to its $36.14 trillion debt, with interest payments consuming 23% of federal revenue. He suggests a 30% cut in federal spending, though experts call this nearly impossible without severe impacts. Treasury Secretary Janet Yellen urges prompt action.

from Times of India https://ift.tt/4bMjQgV