Billionaire hedge fund manager Ray Dalio has a bearish outlook on the US economy, citing the escalating debt crisis as the Trump administration attempts to wrangle an annual deficit that topped $1.8 trillion in fiscal 2024 alone.

When you reach the part of the cycle that you have to borrow money to pay debt service, and the holders of those bonds say it’s a risky situation — in the private debt market, we call that the debt death spiral,

Bridgewater founder Ray Dalio compared the US debt to plaque building up in a heart, and said it was vital to act before the situation worsens.

Billionaire investor Ray Dalio says the U.S. at the brink of "heart attack” in the form of a debt crisis, and prescribed a deficit reduction to 3% of gross domestic product to stave off that risk. The Bridgewater Associates investment firm founder outlined his view on  Bloomberg’s “Odd Lots” podcast at a time when the Trump administration and