Billionaire Investor Warns of U.S. Debt Crisis Triggered by New Congress Bill

A warning shot has been fired, with billionaire investor Chamath Palihapitiya sounding the alarm about the potential for a major economic crisis in the United States. A new bill passed by Congress, dubbed ‘The One, Big, Beautiful Bill,’ aims to stimulate growth by preserving 2017 tax cuts and implementing pro-growth initiatives. However, Palihapitiya is concerned that this move has triggered a dangerous combination of rising national debt, increased Treasury yields, and the threat of credit downgrades.