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Bank of America CEO Brian Moynihan and Wharton’s Joao Gomes warn of impending fiscal crisis due to US national debt.

Bank of America CEO Brian Moynihan and Joao Gomes, vice dean of Wharton, warn of an impending fiscal crisis due to escalating US national debt. They call for prioritizing debt payment, tightening fiscal policies, and a fundamental change in government budget management. The Congressional Budget Office (CBO) predicts public debt could reach 166% of the …

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