From Fortune:

Billionaire hedge fund manager Paul Tudor Jones is warning of a “debt bomb” about to explode beneath the strong US economy. He attributes this strength to massive government spending and borrowing, resulting in a 6-7% budget deficit and rapid consumption. National debt has surpassed $34 trillion, set to grow further.

Federal Reserve Chairman Jerome Powell weighs in, telling CBS’s 60 Minutes that the national debt is “growing faster than the economy.” U.S. Treasury Secretary Janet Yellen is not yet worried, saying that as long as the payments the government makes on its debt relative to GDP stay in check, they’re in good shape. Concerns are being raised as the US continues along this unsustainable fiscal path, prompting questions about when the deficit will manifest itself in the markets.



Read more: Paul Tudor Jones says a ‘debt bomb’ is about to go off in the U.S.