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Treasury debt

Economist Stephen Slifer warns that rising federal deficits, growing debt and looming Social Security funding challenges require action before the nation's fiscal outlook worsens. (Photo/DepositPhotos)
Jul 13, 2026

US budget deficit, debt threaten economic future

Rising U.S. budget deficits, growing national debt and looming Social Security shortfalls threaten long-term economic stability, economist says.