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Moreover, Trump's economic policies, including austerity measures and layoffs of laborers, contribute to a contraction in the economy. Some interpret this disruptive approach as a deliberate political strategy aimed at facilitating a more sustainable economic cycle. However, the underlying connotations of such a strategy may tell a different story.
The Impending Debt Crisis
A critical factor in this financial crisis is the maturing U.S. debt. The staggering figure of approximately $35 trillion in national debt features a significant portion—between $7 trillion to $9.2 trillion—set to expire this year. As these treasury bills come due, they necessitate refinancing, which could potentially escalate the nation’s financial turmoil.