# Is the US heading for a debt crisis?

An episode of [The Rachman Review](https://invisiblenetwork.ai/podcast/1504048545), 3 Jul 2025, 24 min.

Audio: https://sphinx.acast.com/p/acast/s/therachmanreview/e/68655743044b03564b224b5e/media.mp3

Gideon talks to Ray Dalio, founder of Bridgewater Associates, the world’s largest hedge fund and author of a new book: How Countries Go Broke. They discuss the size of the US debt and what history tells us about identifying warning signs. Clip: CBS Free links to read more on this topic: Is Donald Trump’s ‘big, beautiful bill’ a political curse for Republicans? Fears over US debt load and inflation ignite exodus from long-term bonds Donald Trump’s big, beautiful act of self-harm The fall in the dollar is not scary Subscribe to The Rachman Review wherever you get your podcasts - please listen, rate and subscribe. Presented by Gideon Rachman. Produced by Fiona Symon. Sound design is by Breen Turner and the executive producer is Flo Phillips. Follow Gideon on Bluesky or X @gideonrachman.bsky.social, @gideonrachman Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

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