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BlockBeats cited a AXIOS report saying that Musk stated that the DOGE reform he participated in failed to solve the fiscal deficit from within the government, and believed that AI and robots are the only way to address the U.S. national debt problem.
IMF said that relying solely on U.S. economic growth would make it difficult to quickly ease the worsening government debt and fiscal deficits, and that additional measures are needed to improve fiscal conditions.
U.S. Treasuries and EUR euro-area government bond yields continued to rise, while French government bonds underperformed those of other EUR euro-area countries. Investors are concerned about France's fiscal-deficit target and debt-ratio outlook.
Citing a Bloomberg interview, BlockBeats reported that Bridgewater Associates founder Ray Dalio warned that rising U.S. debt interest costs and refinancing needs could cause the country to face a debt crisis within the next 3 years.
White House National Economic Council Director Hassett said that the United States does not want to escape its debt through inflation, that current interest payment levels are unacceptable, and that the government is serious about reducing the deficit and respects the Federal Reserve’s independence.