Reported about 18 hours ago
Citadel President Jim Esposito warned that the rising U.S. deficit is a 'ticking time bomb,' emphasizing the importance of the Trump administration's response to the crisis. Other financial leaders, including JPMorgan Chase CEO Jamie Dimon, have echoed similar concerns about the national debt impacting the bond market. Esposito noted that the complacency over the debt issue could have serious implications, especially with recent downgrades to the U.S. credit rating and increased bond yields, which may lead to higher borrowing costs.
Source: YAHOO