Archive · 19 Jun 2025

Elon Musk Issues Bankruptcy Warning on U.S. Debt

Elon Musk Issues Bankruptcy Warning on U.S. Debt

Elon Musk, the boss of Tesla, is concerned about the US's debt.

He says the US might go broke because of how much money it owes.

The debt has been growing for a long time, as shown in a chart.

Musk is worried about how the government is spending and if it can keep borrowing money at this rate.

This is because a lot of tax money is used to pay the interest on the debt, leaving less for other things.

The US government has a huge debt, and Musk thinks it's a serious issue.

Sources