Ray Dalio urges bipartisan action on US debt to avoid crisis
Ray Dalio warns the $37 trillion US debt requires bipartisan tax hikes and spending cuts to avoid crisis. Absolutist politics hinder solutions, risking economic fallout. He says better debt supply-demand balance could lower interest rates and support markets. Meanwhile, the Trump tax bill may raise the deficit to $3.3 trillion, and the Dollar Index has dropped 11% year-to-date.