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America is ‘going broke slowly’ says J.P. Morgan, as national debt balloons and tariff revenue looks shaky
fortune.com/2025/10/14/america-going-broke-jpmorgan-david-kelly-debt-tariffs
J.P. Morgan’s David Kelly warned this week that while America is “going broke” it’s doing so slowly enough that markets aren’t panicking yet. With U.S. national debt now topping $37.8 trillion and interest payments exceeding $1.2 trillion, Kelly said the debt-to-GDP ratio—already at…
This story appeared on fortune.com, 2025-10-14 16:49:56.048000.