'America would be toast': Elon Musk warns of bankruptcy and rising interest rates due to $36 trillion debt

Sunday, 5 January 2025
Elon Musk warns that the US is on the brink of financial collapse due to its $36.14 trillion debt, with interest payments consuming 23% of federal revenue. He suggests a 30% cut in federal spending, though experts call this nearly impossible without severe impacts. Treasury Secretary Janet Yellen urges prompt action.

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Video Credit: Bang Showbiz - Published 3 months ago

News video: 'He would like to' Elon Musk's father reveals son's interest in buying Premier League football club

'He would like to' Elon Musk's father reveals son's interest in buying Premier League football club 01:00

Elon Musk's dad Errol Musk has revealed his son "would like to" buy Premier League football club Liverpool FC, because the Tesla co-founder's grandmother was born in the city.

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