[cityhantam]

Yellen's SOS? China to Accelerate Dumping of Up to $800bn U.S. Debt｜Buffett Warns of U.S. Debt Risks

On West 43rd Street in New York City, a US National Debt clock displayed a startling number on February 28: the total federal debt had surpassed $31.58 trillion, exceeding the debt ceiling by nearly $200 billion and amounting to 120 percent of GDP. Despite efforts to mitigate this issue, the debt continues to grow at an alarming rate, with no end in sight.
The US's mounting debt has become a constant reminder to the world of the country's inability to repay its debts, due in part to the government's irresponsible measures concerning the debt ceiling. Among the creditors of this debt are global central banks, corporations, and individuals, with Japan and China being the US's most significant debtor countries.
Warren Buffett, in his annual open letter to shareholders on February 25, issued a clear warning about the US's current debt. In the past decade, the US Treasury has received approximately $32.3 trillion in taxes, yet has spent $43.9 trillion. These soaring fiscal debt deficits and expectations of default could have dire consequences for the US.

.
.