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US Treasury reveals America is insolvent and famed economists warn of ‘fiscal catastrophe.’ Is your portfolio prepared?

Saul Loeb/ Getty Images; Kevin Dietsch/ Getty Images Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. America’s mounting debt has long raised concerns. But following the Treasury Department’s latest report, some experts say the situation has reached a breaking point — the nation is now effectively “insolvent.”…