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المشهد العربي
Barakin warns of Judgment Day over US debt
The President of the Federal Reserve Bank of Richmond, Tom Barkin, warned that the increasing total US public debt, which has exceeded $40 trillion, could lead to a future "moment of reckoning" if it continues to grow, although pinpointing the exact timing is difficult. He emphasized that government borrowing is untenable if investors stop purchasing debt instruments, posing a risk to the economy. He supported maintaining interest rates if inflation recedes, with the possibility of raising them if price pressures persist.
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