Ray Dalio believes the US goes to have a debt crisis and is closely watching the “dangerous” fiscal situation, CNBC reported on Thursday, citing an interview with the billionaire investor.
“How briskly it transpires, I feel, goes to be a function of that supply-demand issue, so I’m watching that very closely,” said Dalio, founder of hedge fund Bridgewater Associates, in the interview.
The country’s debt has been under the highlight in recent months after political brinkmanship across the debt limit earlier this yr brought the US near a default.
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Though the situation was averted, such partisan conflicts could hurt the country’s fiscal repute, analysts have said.
In August, rating agency Fitch downgraded US credit standing by a notch from the highest tier, citing fiscal deterioration over the following three years and repeated down-the-wire debt ceiling negotiations.
![In July, poster showing national debt at 32 trillion dollars](https://nypost.com/wp-content/uploads/sites/2/2023/09/NYPICHPDPICT000039791966-1.jpg?w=1024)
A looming government shutdown could further add to the country’s pain.
Earlier this week, Fitch’s peer Moody’s said a government shutdown would harm the country’s credit in a stern warning.