How America's Debt Spiral Could Spark The Next Crisis

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How America's Debt Spiral Could Spark The Next Crisis Independent analyses, ranging from Yale University to the Wharton School to the Congressional Budget Office, have each said that President Trump’s Big Beautiful Bill will add trillions of dollars to the U.S. deficit over the next 10 years. Yet, this year, the U.S. deficit is already exceeding 6 percent of GDP, a level roughly 63 percent higher than the average in the past five decades. And unlike past spikes, the current one isn’t driven by war or economic crisis, leading many to worry. In this documentary, through dozens of interviews with experts including Former Treasury Secretary Robert Rubin, macro investor Ray Dalio and Former Chairman of the Joint Chiefs of Staff Mike Mullen, CNBC's Leslie Picker explores what will happen if the deficit is not reined in. Chapters: 0:00 Introduction 1:27 How we got here 4:17 Market fallout 9:45 Economic ripple effects 13:48 International implications Reported by: Leslie Picker Produced by: Ritika Shah Edited by: Erin Black Senior Managing Producer: Tala Hadavi Camera: Magdalena Petrova, Carlos Waters, Natalie Rice, David Soltis, Leroy Jackson, Alex Bedoya, Mark Aster, Michael Luciano, Tyler Roth, Jordan Smith, Miles Ross, Tara McCurrie, Vincent Castaldo, Marco Mastrorilli, Erin Black Animations: Jason Reginato, Emily Park, Virginia Davies Production Support: Kathy Mavrikakis, Darren Geeter Managing Editor: Lacy O’Toole Senior Director of Video: Jeniece Pettitt » Subscribe to CNBC: » Subscribe to CNBC TV: » Watch CNBC on the go wi
  2025/07/07      youtube

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