fiscal insolvency

1 articles
BenzingaBenzinga··Stjepan Kalinic

US Faces Hidden Insolvency Crisis, Economist Warns—Oil Shock Could Trigger Debt Reckoning

Johns Hopkins economist Steve Hanke warns US federal government is technically insolvent with $47.78 trillion liabilities versus $6.06 trillion assets, excluding $136 trillion in unfunded obligations.
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