America is ‘going broke slowly’ says JPMorgan, as national debt balloons and tariff revenue looks shaky

fortune.com/2025/10/14/america-going-broke-jpmorgan-david-kelly-debt-tariffs

JPMorgan’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 10:39:35.
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