Asset management companies: The increasing US government debt is becoming a severe problem.

Wermuth Asset Management economist and partner Wermuth stated in a report that the US government debt is increasingly becoming a problem, with debt-to-GDP ratio exceeding 120%. While US interest rates are still trending downwards, the substantial and continually rising deficit may mean that the debt situation could quickly spiral out of control. Since 2023, interest payments as a proportion of government spending have exceeded military spending, meaning that there is less room for new projects, especially economic stimulus projects.