David Kelly
British diplomat
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business May 28, 2026, 2:00 AM
JPMorgan's David Kelly warns of looming fiscal crisis due to rising national debt - Federal debt in the U.S. has soared to 101% of GDP, raising concerns about future economic stability.
- David Kelly from JPMorgan highlights that a fiscal crisis is more likely than meaningful deficit reduction efforts.
- The rapidly accumulating debt may trigger significant market reactions if confidence in U.S. Treasuries declines.
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2026 All rights reserved
2026 All rights reserved