Billionaire Ray Dalio Warns ‘Painful Disruptions’ Incoming as US National Debt Set To Shatter $425,000 per Household

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Bridgewater Associates founder Ray Dalio is warning of severe economic and financial consequences after US President Trump’s budget bill passed Congress. In a post on the social media platform X, the billionaire says that Trump’s “One Big Beautiful Bill” will increase the US national debt from about $230,000 per American household to $425,000 per American household over the next decade. The ballooning national debt will have severe ramifications, according to Dalio. “Now that the budget bill has...