How high can US debt go before it triggers a financial crisis?
The tax cuts bill currently being debated by the US Senate will add another US$3 trillion (A$4.6 trillion) to US debt. President Donald Trump calls it the “big, beautiful bill”; his erstwhile policy adviser Elon Musk called it a “disgusting abomination”. Foreign investors have already been rattled by Trump’s upending of the global trade system.…


