Billionaires Jamie Dimon and Ray Dalio sound the alarm on soaring US government debt

Jamie Dimon, CEO of JPMorgan, and Ray Dalio, founder of the world's largest hedge fund, have expressed concerns about the increasing U.S. government debt, which now exceeds $34.6 trillion. They warned that the growing budget deficit and a potential decrease in investor demand for U.S. Treasury bonds could lead to higher borrowing costs and destabilize the financial market. The International Monetary Fund and the Congressional Budget Office have also highlighted the risks of rising debt levels, suggesting that urgent attention is needed to address fiscal deficits.